24-Unit Hotel and
For Sale
$1,431,000
2039 E Harbor Rd, Port Clinton, OH 43452
Two complementary commercial buildings combine lodging with food-and-beverage space in an established hospitality setting.
Property Size13,762 SF
Lot Size0.72 Acres
Price / SF$103.98
Days on Market48
Property Features for 2039 E Harbor Rd
General Information
Standard status
Active
Size
13,762 SF
Total Parking Spaces
32
Lot size
0.72 Acres
Additional Details
Furnished
No
Equipment Included
No
Building Details
Year Built
1994
Buildings
2
Listing Agency:
Realty Professionals, Inc.
Listed By:
Vincent Liuzzi · License #2022002940
(216) 912-2196
Source:
Theacclaimedrealty
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 3:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Professionals, Inc.
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Investment Insights
Based on property information with market context.
This hospitality property includes 24 lodging units and a separate brewpub and restaurant component across two complementary commercial buildings. The improvements total approximately 13,762 square feet on approximately 0.72 acres and include guest accommodations, commercial kitchen facilities, utilities, and site improvements. Constructed in 1994, the property also provides 32 parking spaces. The real estate is being offered together as two contiguous commercial parcels.
The property is located at 2039 E Harbor Rd in Port Clinton, Ohio, within a waterfront community associated with marinas, boat docks, fishing destinations, recreational attractions, and marine-related businesses. Its lodging and dining uses serve as the existing physical foundation of the offering. Real estate is offered through MLS; business assets and operating interests may be available separately through the listing broker.
The property is located at 2039 E Harbor Rd in Port Clinton, Ohio, within a waterfront community associated with marinas, boat docks, fishing destinations, recreational attractions, and marine-related businesses. Its lodging and dining uses serve as the existing physical foundation of the offering. Real estate is offered through MLS; business assets and operating interests may be available separately through the listing broker.
Key Highlights
- 24 lodging units paired with a brewpub and restaurant
- Approximately 13,762 SF of improvements on approximately 0.72 acres
- Two contiguous commercial parcels conveyed together
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,738
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,760
$1.7M
Cap Rate 7%
$1,196,257
$1.2M
Cap Rate 9%
$930,422
$930.4K
Market Conditions
NOI Build-Up for 13,762 SF
Gross rent
$206.4K $15.00/SF
− Vacancy
−$30.1K −$2.19/SF
EGI
$176.3K $12.81/SF
− OpEx
−$92.6K −$6.73/SF
NOI
$83.7K $6.08/SF
Area
Ottawa County, OH
Vacancy
14.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,760
Cap Rate 7%
$1,196,257
Cap Rate 9%
$930,422
Alternative Uses
Best Use
Mixed Use
$3.20M
$2.80M – $3.73M
NOI $223,920 @ 7.0% cap · market cap 15.65%
Second Best
Specialty Retail
$2.69M
$2.35M – $3.14M
NOI $188,259 @ 7.0% cap · market cap 13.16%
Theoretical Best
Retail
$4.90M
$4.29M – $5.72M
NOI $343,311 @ 7.0% cap · market cap 23.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 65%
Shops & Services 27%
Beauty & Spa 8%
Kroger
Groceries
22,105 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
6,969 visits/mo
0.1 miles
Supercuts
Beauty & Spa
2,666 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,419 visits/mo
0.1 miles
Valley Ford Lakeside
Shops & Services
771 visits/mo
0.3 miles
Demographics for 43452, OH
13,443
Population
10,859
Households
1.2
Avg Household Size
52
Median Age
28%
College-Educated
93%
High-School Grad
46.2 sq mi
ZIP Area
291
Density / Sq Mi
$63,815
Median Household Income
$43,782
Median Earnings
$937
Median Rent
$206,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Hotel - Two complementary commercial buildings combine lodging with food-and-beverage space in an established hospitality setting.
Where is this hotel located?
The property is located at 2039 E Harbor Rd Port Clinton, OH.
What is the asking price?
The asking price for this property is $1,431,000.
What are key features of this property?
This property features: 24 lodging units paired with a brewpub and restaurant; Approximately 13,762 SF of improvements on approximately 0.72 acres; Two contiguous commercial parcels conveyed together
