List Search

870 US-42 NE
London, OH 43140

Price Upon Request

Hotel For Sale  •  27,072 SF

Property Details

  • Property Type Hotel
  • Total Building Size 27,072 SF
  • Lot Size 6.04 AC
  • Building Class C
  • Year Built 1987
  • Zoning C2
10 Walk Score

Highlights

De-Risked Adaptive Reuse Entitlement: Formal BZA approval in place to consolidate 85 hotel rooms into 45 micro-apartments
Exceptional Basis Relative to Replacement Cost: Substantially lower delivery basis per unit compared to new ground-up multifamily construction
2+ Acres of Surplus Development Land: Excess acreage provides immediate flexibility for commercial outlot development
High-Growth Regional Employment Corridor: Centrally located along the I-70 West corridor between Columbus and Springfield
Area multifamily sold comps average $75,641 per unit
Madison County submarket occupancy tracks at 96.59% with a low vacancy rate of 3.4%

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Public Transportation

AirportDriveWalkDistance
John Glenn Columbus International 35 min - 28.0 mi
Rickenbacker International 42 min - 32.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Priyanshu Adathakkar 614-450-2510 Ownerland Realty Inc
Priyanshu Adathakkar 614-450-2510 Ownerland Realty Inc