Motel 6


Price:
$3,700,000

Address :
704 North Leavitt Road
Cleveland-Amherst, OH 44001


  •  Excellent location at intersection of Ohio Route 2
  •  SBA financing candidate
  •  Potential to increase bottom line with hands-on owner/operator
  •  Days Inn will be leaving comp set, giving Motel 6 an opportunity to increase revenues
  •  In Cooperation With RE/MAX Town Center Columbus, OH | OH RE # 2015003009/ 2002021952
    View Map    View Aerial
  •  Amherst and Lorain County are part of the Greater Cleveland Metropolitan area, which is home to 2.08 million people
  •  Easy access to State Route 2, and Interstates 80 & 90
  •  One of the largest ports on the Great Lakes and the first after the St. Lawrence Seaway, the Port of Cleveland handles 13 million tons annually.
  •  Close to Regional Demand Generators:
    •  Nordson
    •  Oberlin College and Conservatory
    •  Black Water Landing
    •  Cedar Point Park
    •  Glenn Research Center
    •  Cleveland Hopkins International Airport
    •  Cleveland Professional Sports—Cleveland Browns, Cleveland Cavaliers, and Cleveland Indians
  •  113 Guest Rooms (123 Keyed Units)
  •  4 Buildings
  •  2 Stories, Exterior Corridor
  •  Wood Frame Construction
  •  Wood Façade
  •  New PLA Flat, Built-Up Roof in 2018; Shingled Mansards
  •  New Asphalt Parking Lot
  •  Built in 1989
  •  Wireless Internet
  •  Guest Laundry
  •  Outdoor Pool
  •  2-Bedroom Manager’s Apartment with Living Room, Kitchen,
    and Direct Access to Front Office
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2020
T-12Mos 9/21
Occupancy
43.50%
59.89%
Average Daily Rate
$49.39
$51.62
Room Revenue
$886,022
$1,275,068
Net Operating Income
$368,192
$645,612
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!