Owner Financing On Greater Cincinnati 12 Unit Motel For Sale

Business description

12 unit extended stay motel with a 2 Bedroom home for owner/manager, 2-car garage and shed located in the Cincinnati Metro Area. The site sits on 3 parcels comprising 7.26 acres. Prime site for redevelopment, zoned commercial, enabling it to be redeveloped to its highest potential. Frontage property on 2 main highways. The motels was built in 1950 and was completely renovated 13 years ago. The average occupancy of the motel exceeds 90% and the property is extremely clean and well maintained. Real estate included in sale price.

Property information

Real Estate:

Real Property Included

Living accommodation:

2 Bedroom Home with 2 car garage and storage shed.

Location:

20 Miles South of Cincinnati. Located on major highway.

Premises details:

12 unit motel with 2 BR home, 2 car garage and shed. Site sits on 3 parcels comprising 7.26 commercially zoned acres.

Size in square feet:

7.26 acres

Planning consent:

Commercially zoned

Business Operation

Expansion potential:

Development of unused property.

Reasons for selling:

Retirement

Employees:

1 FT/1 PT

Years established:

1950

Other information

Support & training:

Available during the transition

Financing available:

Negotiable

Furniture / Fixtures value:

$60,000 (included in the asking price)