5225 Old Lake RdGeneva, OH 44041

For Sale
$1,999,900

Geneva-on-the-Lake Motel, 17 Keys

Overview

Added:
Dec 11, 2024
Days on market:
92
Prime Geneva-on-the-Lake location, this 17-key motel boasts stunning Lake Erie views from most rooms. Completely renovated in 2022, this two-story, 6,500-8,200 square foot brick structure offers a turnkey operation. The property includes a private beach area and a separate three-bedroom, two-bathroom Airbnb unit with open-concept living and a modern kitchen. A lower-level owner/janitorial suite provides convenient access from the lobby. Situated on a 0.28-acre lot, this established business benefits from its location in a seasonal resort area. The property's Commercial zoning allows for flexibility. Built in 1960, this meticulously maintained motel presents a rare investment opportunity. An additional 17-key motel with a private pool is available for purchase, expanding the potential to 34 keys, along with an owner's suite and additional beach access. The property's APN is 210300000100. Asking price is $1,999,900.

Highlights

  • Lakefront property on Lake Erie.
  • Private beach access.
  • Three-bedroom, two-bathroom Airbnb unit.
  • Exquisite lake views.
  • Seventeen existing hotel keys.
  • On-site janitorial/owner suite.

Property Details for 5225 Old Lake Rd

Property type
Other hospitality properties, Motels
Square Feet
6,500 SF
Year Built/Renovated
1960/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Geneva
County
Ashtabula
State
Ohio
Latitude
41.861407404514
Longitude
-80.943533960003
5225 Old Lake Rd, Geneva, Ohio

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5225 Old Lake Rd
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