1720 Columbus PikeDelaware, OH 43015

Property Details for 1720 Columbus Pike

Year built

1997

Lot size

2.43 AC

Property size (Sq ft)

31,800 SF

Property type

Motels

APN

419-130-05-018-001

APU

41913005018001

Description

This exceptional 71-key Baymont Inn & Suites hotel presents a compelling owner-user investment opportunity in Delaware, Ohio. Located at 1720 Columbus Pike, this two-story, 30,000 square foot property sits on a 2.428-acre lot and boasts a desirable location near major attractions including Tanger Outlets, Polaris Fashion Place, and numerous corporate headquarters such as JPMorgan Chase, Abercrombie & Fitch, and Intel, as well as Ohio State University. Built in 1997, the hotel features interior corridors, an indoor pool, and a fitness center, along with a breakfast area. The property includes 75 parking spaces. The asking price is $3,800,000, translating to $126.67 per square foot and $53,521 per key. With a current occupancy rate of 44.5% (as of December 31, 2023), this asset offers a significant value-add opportunity for an experienced operator to enhance operational efficiency and increase revenue. The wood-frame structure features a pitched, shingled roof and individual PTAC heating and cooling units. The property's parcel number is 419-130-05-018-001. Delaware County's projected population growth to 460,953 by 2050 underscores the significant long-term potential of this investment. This is a fee-simple ownership opportunity with no ground lease. The property is zoned for commercial use.

Location Insight

City

Delaware

County

Delaware

State

Ohio

Latitude

40.2675

Longitude

-83.072

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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