2100 Brice RdReynoldsburg, OH 43068

For Sale
$5,950,000

152-key hotel, high revenue, renovated 2021.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 152-key Days Inn located at 2100 Brice Rd, Reynoldsburg, OH 43068. Boasting 60,000 square feet on a 7.86-acre lot, this two-story, concrete block hotel features interior corridors and underwent a complete renovation in 2021. The property includes 200 parking spaces, an outdoor pool, banquet hall, and a restaurant ready for lease. Individual room PTAC units provide climate control. The roof is a combination of pitched shingle and flat rubber. Built in 1972, this stabilized investment offers significant upside potential. The asking price is $5,950,000, translating to $99.17 per square foot and $39,144.74 per key. With a current occupancy rate of 60.4% (as of March 31, 2024), the property generated $2,146,807 in revenue. The property is zoned commercial and sits on a fee simple ownership with APN #060-001777-00 (Franklin County). This Days Inn presents a compelling opportunity for investors seeking a strong return in a desirable location. The property's amenities, recent renovation, and established revenue stream make it an attractive addition to any portfolio.

Highlights

  • $5.95M asking price.
  • $39,145 price per room.
  • $2,146,807 annual revenue.
  • 2.7 revenue multiplier.
  • 60.4% occupancy rate.
  • $64.06 Average Daily Rate (ADR).

Property Details for 2100 Brice Rd

Property type
Other hospitality properties, Hotels
Square Feet
60,000 SF
Year Built/Renovated
1972/2021
Buildings
1
Stories
2
Lot Size (sq. ft)
342,382 SF

Location Insight

City
Reynoldsburg
County
Franklin
State
Ohio
Latitude
39.9377025
Longitude
-82.8296428
2100 Brice Rd, Reynoldsburg, Ohio

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2100 Brice Rd
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