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    1530 Cleveland Rd Sandusky, OH 44870

    Sponsored
    For Sale
    $3,100,000

    Prime Sandusky Hotel, 103 Units, 3.7 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 103-unit hotel presents a lucrative investment opportunity in the thriving Lake Erie Shores & Islands region of Sandusky, Ohio. Boasting a prime location just five minutes from major attractions like Cedar Point amusement park and the Cedar Point Sports Center, this property benefits from the area's robust $2.7 billion tourism industry and 13 million annual visitors. The hotel features a fully operational lobby, a complete restaurant with all equipment included, a separate one-bedroom house, and a county liquor permit (state license not included). Guest rooms are fully furnished and equipped with recently upgraded apartment-style refrigerators and electronic door locks. Further enhancing guest comfort are a swimming pool, a courtyard, and on-site laundry facilities. The sale includes eleven parcels totaling approximately 3.7 acres, offering ample parking and significant potential for future expansion. Recent improvements also include a new HVAC system. A dedicated maintenance staff handles both building maintenance and housekeeping. This turnkey operation is ready for a new owner to capitalize on the consistent demand for lodging in this popular destination. The property's size and amenities make it an ideal investment for experienced hospitality operators seeking a high-return opportunity in a thriving tourist market.

    Property Features for 1530 Cleveland Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    161,172 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandusky
    County
    Erie
    State
    Ohio
    Longitude
    -82.68913
    Latitude
    41.44231

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Sandusky Hotel, 103 Units, 3.7 Acres
    Where is this commercial real estate located?
    The property is located at 1530 Cleveland Rd Sandusky, OH.
    What is the asking price?
    The asking price for this property is $3,100,000.
    (419) 504-1500
    Request Owner's contact information
    1530 Cleveland Rd Sandusky, OH 44870
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    Sandusky, OH 44870
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1530 Cleveland Rd Sandusky, OH 44870
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