179 Maumee AveNapoleon, OH 43545

Property Details for 179 Maumee Ave

Year built

1900

Lot size

1.04 AC

Property type

Motels

APN

41-009334.0800

APU

410093340800

Description

This exceptional investment opportunity presents a well-established motel in Napoleon, Ohio, boasting an impressive 90%+ occupancy rate. The property includes a fully remodeled motel (windows, doors, flooring, and paint updated approximately six years ago), featuring weekly, bi-weekly, and monthly rates, making it an ideal extended-stay option. The low-maintenance vinyl siding and large asphalt parking area add to its appeal. The property also includes a substantial four-bedroom, one-and-a-half-bathroom house with a basement, providing additional income potential or owner accommodations. A detached 864 square foot garage further enhances the property's value. All structures – the motel, house, and garage – are situated on a single 1.04-acre parcel, simplifying ownership and management. The motel's simple operation and decades-long history contribute to its profitability. This is a rare opportunity to acquire a turnkey, high-performing motel with significant ancillary benefits. The property's strong occupancy rate and low operational costs make it an attractive investment for discerning buyers seeking a stable and profitable venture. The combination of the motel, house, and garage on a single tax parcel presents a unique and compelling investment package.

• CAP approach

  CAP return

  Valuation

  6%

  $8,790,871

  6.5%

  $8,114,650

  7%

  $7,535,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,379,689

  Geo Method

  $8,379,689

• Alternative Use

  Use

  Valuation

  Residential

  $8,858,840

  Hospitality

  $8,114,650

  Educational

  $6,751,294

  Medical

  $6,983,480

  Retail

  $10,502,012

Location Insight

City

Napoleon

County

Henry

State

Ohio

Latitude

41.3867

Longitude

-84.1187

Property Tax & Assessments

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