2905 Milan Rd Sandusky, OH 44870

This exceptional 112-unit, two-story hotel in Sandusky, OH, presents a compelling investment opportunity. Boasting both interior and exterior corridors, the property enjoys a prime location just ten minutes from the world-famous Cedar Point amusement park, attracting a steady stream of tourists. Sandusky offers diverse attractions beyond Cedar Point, including waterfront activities on Lake Erie, museums, and various entertainment options. The hotel's strategic location benefits from the city's thriving tourism industry, drawing families and thrill-seekers alike. The property generated $1,509,427.55 in room revenue in 2021, $1,674,442 in 2022, and $1,361,991.74 in 2023. Further enhancing its profitability, leased restaurant spaces contributed an additional $67,200 in revenue. The hotel sits on a 3.03-acre lot and encompasses 36,600 square feet. Its proximity to Sandusky's annual Bike Week, a major event drawing riders nationwide, adds to its investment appeal. The property is priced at $4,000,000, representing a compelling value proposition for investors seeking a foothold in a dynamic and growing tourism market. The city's diverse attractions, including Kalahari Resorts, museums, and ferry services to the Lake Erie Islands, ensure a consistent flow of visitors throughout the year. This presents a unique chance to acquire a well-established hotel with a proven track record in a high-demand location.