41371 Reco RdBelmont, OH 43718

Property Details for 41371 Reco Rd

Year built

2014

Construction

FRAME

Lot size

1.64 AC

Property size (Sq ft)

36,614 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

39-01232-002

APU

3901232002

Description

This exceptional investment opportunity presents the renowned Sleep Inn, ideally situated in Belmont County, Ohio. Boasting a prime location, this well-maintained hotel comprises 37 guest rooms and 26 suites, totaling 63 units, providing ample accommodation for a diverse clientele. The property also includes a convenient pool house, enhancing the guest experience and adding to the overall appeal. Situated on a generous 1.72-acre lot, the Sleep Inn benefits from significant space and potential for future expansion or development. The hotel's established reputation and consistent performance make it an attractive proposition for investors seeking a stable and profitable venture in the hospitality sector. Belmont County offers a strong tourism base and significant growth potential, making this a particularly compelling investment. This turnkey operation presents a rare chance to acquire a successful and reputable hotel in a thriving market. The property is offered at $4,150,000. Detailed financial information and operational data are available upon request. This is a unique opportunity to secure a foothold in the hospitality industry and capitalize on the promising future of Belmont County. Don't miss this chance to own a successful and established hotel.

• CAP approach

  CAP return

  Valuation

  6%

  $7,908,972

  6.5%

  $7,300,590

  7%

  $6,779,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,048,453

  Geo Method

  $8,048,453

• Alternative Use

  Use

  Valuation

  Residential

  $7,970,124

  Hospitality

  $7,300,590

  Educational

  $6,074,006

  Medical

  $6,282,900

  Retail

  $9,448,453

Location Insight

City

Belmont

County

Belmont

State

Ohio

Latitude

40.0581

Longitude

-81.0541

CBSA code

48540

CBSA name

WHEELING, WV-OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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