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889 Commercial Pky
Dover, OH 44622

$1,250,000

Motel For Sale  •  22,321 Sq Ft

Property Details

  • Property Type Motel
  • Total Building Size 22,321 Sq Ft
  • Lot Size 3.48 ac
  • Building Class C
  • Year Built 1984
  • Cap Rate 11.73 %
0 Transit Score
37 Walk Score

Description

56 Rooms, Independent Converting to Howard Johnson September 2019.  Single story, exterior corridor, built in 1984, Restaurant and lounge operated by Seller.

Financial Summary (Actual)

Net Operating Income: $146,674 (2018)
Cap Rate: 11.73 %
Total Expenses: $527,827

Major Tenants

Tenant SF Occupied Lease End Date
AK Motel Management LLC 0 SF
I-77 Bar & Grill 0 SF

Public Transportation

AirportDriveWalkDistance
Akron-Canton Regional Airport 38 min - 32.1 mi
Terry Baltes 937-438-6700 Baltes Commercial Realty
Terry Baltes 937-438-6700 Baltes Commercial Realty