Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1530 Cleveland Rd Sandusky, OH 44870

    Sponsored
    For Sale
    $3,100,000

    103-Unit Hotel Near Cedar Point

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Cedar Point amusement park, Cedar Point Sports Center/Sports Force Parks, and downtown Sandusky, 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 one-bedroom house, and a county liquor permit (state license not included). Guest rooms are fully furnished and equipped with recently upgraded amenities such as new HVAC systems, apartment-style refrigerators, and electronic door locks. A swimming pool and courtyard enhance the guest experience, while on-site laundry facilities add convenience. The property also includes ample parking and expansion potential across its eleven parcels, encompassing approximately 3.7 acres. The diverse room types cater to a wide range of guests, including 1 two-bedroom king suites with kitchens, 5 king studios, 25 single king rooms, 65 double-double rooms, and 7 single-double rooms. A full-time maintenance staff has ensured the property's upkeep, and it has been utilized for employee housing. A detailed inventory of included items is available upon request. This turnkey operation is ready for a new owner to capitalize on the region's consistent tourism revenue.

    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

    Nearby Similar for Sale

    • $154,900
      Pending

      Sandusky Multifamily Property For Sale

      Multifamily property in Sandusky, Ohio, with recent renovations.
      1207 Central Ave, Sandusky, OH 44870
      View Details
    • $430,000
      1.00 Acre

      Mixed-Use Property in Downtown Sandusky

      Turnkey investment opportunity with commercial and residential units in booming Sandusky.
      426 Huron Ave, Sandusky, OH 44870
      View Details
    • $154,777
      5,265 SF

      Sandusky Multifamily Investment Opportunity

      Multifamily property with five rented units and ample parking.
      217 Scott St, Sandusky, OH 44870
      View Details
    • $2,250,000
      6,246 SF

      Prime Sandusky Shoreline Marina Opportunity

      Marina in high-traffic tourist area with growth potential.
      235 E Shoreline Dr, Sandusky, OH 44870
      View Details
    • Contact for pricing
      900 SF

      Affordable Housing Asset in Sandusky

      30-home Section 8 property with renovation upside.
      1440 Judy Ln, Sandusky, OH 44870
      View Details
    • Contact for pricing
      54,224 SF

      Sandusky Warehouse with Income Potential

      Multitenant warehouse in Sandusky, OH, with ample parking.
      1722 Hayes Ave, Sandusky, OH 44870
      View Details
    • Contact for pricing

      Sandusky Restaurant Opportunity

      4,228 SF restaurant on 0.87 acres in Sandusky, OH.
      Sandusky, OH 44870
      View Details
    • $998,000
      12,000 SF

      Office Building with Expansion Potential

      Office building featuring a large parking lot and expansion potential.
      319 Howard Dr, Sandusky, OH 44870
      View Details
    • $99,900
      1,426 SF

      Hayes Ave Commercial Space - Sandusky, OH

      High-traffic corner lot business opportunity.
      1431 Hayes Ave, Sandusky, OH 44870
      View Details
    • $549,900
      12,480 SF

      Prime Sandusky Commercial Space

      12,480 SF, 0.12 Acres, $549,900
      301 Water St, Sandusky, OH 44870
      View Details
    • Contact for pricing
      1,500 SF

      Sandusky Retail Space - High Visibility

      1500 SF Retail Unit, US 250, NNN Lease
      3104 Milan Rd, Sandusky, OH 44870
      View Details
    • Contact for pricing
      1.00 Acre

      Sandusky Acre Development Opportunity

      Prime 1-acre lot, highway visibility, lease/sale options.
      482 Crossings Rd, Sandusky, OH 44870
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 103-Unit Hotel Near Cedar Point
    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.
    (440) 892-2211
    Request Owner's contact information
    1530 Cleveland Rd Sandusky, OH 44870
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1530 Cleveland Rd
    Sandusky, OH 44870
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.