3537 Liberty AveVermilion, OH 44089

For Sale
$1,200,000

Lake Erie Area Income Property

Overview

Added:
Feb 3
Days on market:
39
This exceptional Vermilion, OH investment opportunity presents a 17-unit motel generating immediate cash flow. Conveniently located near downtown and Lake Erie, the property also includes a 2-bedroom house, ideal for additional rental income or on-site management. Guest and tenant convenience is maximized with an on-site coin-operated laundry. A substantial 1200 sq ft, two-story pole barn offers ample storage or further rental potential. Adding to the property's versatility is a large 180 x 70 vacant lot at the rear, presenting significant expansion or development possibilities. The entire property sits on a 1.14-acre lot and totals 7,963 square feet of space. This turnkey operation offers a blend of income streams and prime location advantages, making it an attractive proposition for both seasoned and new investors. The property's strong cash flow potential, combined with the diverse income streams and expansion opportunities, makes this a truly unique investment opportunity in a desirable location. The combination of motel units, residential dwelling, and ample storage space, along with the expansive vacant lot, provides a high degree of flexibility and potential for future growth. This is a rare chance to acquire a well-established and profitable business with significant upside potential. The property's proximity to downtown Vermilion and Lake Erie ensures consistent demand and high occupancy rates.

Property Details for 3537 Liberty Ave

Property type
Other commercial real estate
Square Feet
7,963 SF
Year Built
1950
Lot Size (sq. ft)
49,658 SF

Location Insight

City
Vermilion
County
Lorain
State
Ohio
Latitude
41.4246
Longitude
-82.31783
3537 Liberty Ave, Vermilion, Ohio

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3537 Liberty Ave
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