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Geneva,OH 44041
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5136572
HOA Y/N No
Year Built 1960
Annual Tax Amount $7,843
Tax Year 2023
Lot Size 0.800 Acres
Acres 0.8
Property Sub-Type Hotel/Motel
Property Description
Turnkey 11-Key Motel Investment Opportunity in Geneva-on-the-Lake, Ohio's First Summer Resort. Discover a rare chance to own a well-established, income-producing hospitality property in the heart of Geneva-on-the-Lake, a popular tourist destination with over 30 years of guest loyalty and untapped growth potential. This turnkey 11-unit motel features spacious 2-bedroom suites, each with queen beds, a full bathroom, a kitchenette, and a cozy sitting area. Three units have been fully remodeled, offering a modernized guest experience. Currently operating seasonally from Memorial Day to mid-September, the business thrives without advertising, showcasing strong repeat business. The property presents significant upside with potential for year-round operation and online marketing exposure. Included is a private second-floor owner's residence with approximately 2,000 sq ft, 3 bedrooms, 1.5 baths, formal living and dining rooms, and a large eat-in kitchen. The residence has not been rented, offering an opportunity for additional rental income or on-site management. Enjoy guest-attracting amenities including a recently upgraded in-ground pool (2023 improvements totaling $90K: new concrete, aprons, heater and plumbing), a landscaped outdoor pavilion for picnics and events, and ample green space. Sale includes all furnishings: linens, beds, TVs, heating/cooling units, kitchen appliances, and patio furniture: everything needed to continue operations from day one. Located just a short commute from the Lake Erie shoreline, Geneva State Park and Marina, wineries, the Historic Ashtabula Harbor, restaurants, and attractions, this property is ideal for investors seeking a stable, cash-flowing motel business with growth potential in a high-demand resort town
Location
State OH
County Ashtabula
Community Pool
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features Guest,Gravel,On Site,Open,Outside,Oversized,Parking Lot
Fence Perimeter,Wood
Pool Community
Community Features Pool
Water Access Desc Public
Roof Type Asphalt
Porch Patio
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Geneva Area Csd - 404
Others
Tax ID 210130002300
Acceptable Financing Other
Listing Terms Other