24801 Shurtz RdNew Plymouth, OH 45654

Property Details for 24801 Shurtz Rd

Lot size

20.00 AC

Property type

Hospitality properties

Property subtype

Motels

APN

14-00216.002

APU

1400216002

Description

This exceptional turn-key short-term rental (STR) hotel in the heart of Ohio's Hocking Hills offers a lucrative investment opportunity. The property encompasses 40 acres (two 20-acre parcels) and features ten exquisitely appointed one-bedroom, one-bathroom cabins, each complete with a private deck, hot tub, fire pit, and charcoal grill. All cabins are nearly new and fully furnished, providing a seamless transition for the new owner. The sale includes all furnishings, supplies, floor plans, social media accounts, website, and existing Airbnb accounts. Detailed financial information is available upon request with a signed non-disclosure agreement and proof of funds or pre-approval. The seller is open to creative financing options. Existing plans allow for expansion and development on the second 20-acre parcel, replicating the successful cabin layout. This established business boasts a strong online presence and a loyal customer base, ensuring continued high occupancy rates. The property's prime location in a world-renowned tourist destination guarantees consistent revenue generation. The asking price is $3,750,000, with a total square footage of 4,950 square feet, resulting in a price per square foot of $757.58. The property is located at 24801 Shurtz Road, New Plymouth, OH 45654.

• CAP approach

  CAP return

  Valuation

  6%

  $172,265,376

  6.5%

  $159,014,192

  7%

  $147,656,032

• Comparable approach

  Method

  Valuation

  Relative Method

  $191,525,440

  Geo Method

  $191,525,440

• Alternative Use

  Use

  Valuation

  Residential

  $173,597,296

  Hospitality

  $159,014,192

  Educational

  $132,297,936

  Medical

  $136,847,872

  Retail

  $205,796,784

Location Insight

City

New Plymouth

County

Vinton

State

Ohio

Latitude

39.3635

Longitude

-82.4438

Property Tax & Assessments

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