5169 LAKE (SR 531) ROAD, GENEVA, OH 44041

$1,499,000

Sq. Ft.: 4,787

Type: Commercial

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Listing #4499812

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17 Room Motel that has been completely updated and remodeled within the last 3 years. (4) double occupancy, (1) handicap accessible, 12 single king rooms. There is a common area that could be used for games or continental breakfast, office/greeting area, hospitality/storage area, pool house, public bath, worker bath, in-ground pool with waterfall wall feature. This property has loads of income potential. Currently, bookings reflect income Memorial Day until the first weekend in September. This could be open year round if desired. All linens, bedding, patio furniture, room furniture, benches, refrigerators, heating/cooling units, hospitality grade TVs are included. This is a complete turn-key opportunity.

Property Features

Location Information

County: Ashtabula

Latitude: 41.860913

Longitude: -80.941552

Subdivision: Geneva-On-The-Lk

Directions: East end of "The Strip", west of Austin Rd

Interior Features

Heating: Electric, Other

Cooling: Wall Unit(s)

Total Number of Units: 17

Exterior Features

Foundation: Slab

Possession: Negotiable

Water / Sewer: Public Sewer

Water: Public

Parking Description: Driveway, Paved

Lot Size in Acres: 0.5

Dimensions: 80x267

Buildings: 2

Is One Story: Yes

Additional Information

Roof/Attic: Flat, Metal

Property Type: COM

Property SubType: Special Purpose

Property SubType 2: Commercial Sale

Year Built: 1967

Status: Active

$ per month
Year Fixed. % Interest Rate.

Principal + Interest:	$
Monthly Tax:	$
Monthly Insurance:	$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Listing courtesy of McDowell Homes Real Estate Services 440-205-2000

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than William Zamarelli Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.

MLS Now (Yes MLS) data last updated at May 1, 2024 8:32 PM ET