4960 Golfview DrGeneva, OH 44041

For Sale
$1,300,000

11-Key Motel, Turnkey Hospitality Business

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional 11-key motel, known as King Arthur's Court, presents a lucrative investment opportunity in Geneva, Ohio's premier summer resort area. The 9,144 square foot property, built in 1960 and situated on 0.8 acres, boasts a two-story structure with commercial motel zoning. Each of the eleven suites includes two bedrooms with queen beds, a full bath, a kitchenette, and a sitting area. One suite has been recently and completely remodeled. The motel enjoys a loyal clientele built over 30 years of operation, thriving without extensive advertising, primarily operating from Memorial Day to mid-September, with potential for year-round operation. A significant asset is the spacious, approximately 2000 square foot, second-floor residence featuring three bedrooms, one and a half baths, formal living and dining rooms, and an eat-in kitchen

Highlights

  • 11-key motel in Geneva, Ohio's premier summer resort area, offering a lucrative investment opportunity.
  • Turnkey operation with significant upside potential.
  • Each of the 11 suites features two bedrooms with queen beds, a kitchenette, sitting area, and a private bath.
  • One suite is fully remodeled.
  • Established clientele built over 30 years, thriving without extensive advertising.
  • Seasonal operation (Memorial Day to mid-September), with year-round potential.

Property Details for 4960 Golfview Dr

Property type
Other hospitality properties, Motels
Square Feet
9,144 SF
Year Built
1960
Stories
2
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Geneva
County
Ashtabula
State
Ohio
Latitude
41.8596182
Longitude
-80.9512953
4960 Golfview Dr, Geneva, Ohio

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4960 Golfview Dr
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