Motel With Renovation
2321 Southgate Cambridge, OH 43725
2321 Southgate, Cambridge, OH, 43725
$795,000
For Sale
$795,000
Commercial Sale, Other - Cambridge, OH
Property Size31,000 SF
Lot Size4.33 Acres
Price / SF$25.65
Days on Market31
Property Features for 2321 Southgate
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 4.33 Acres
Building Details
- Year built
- 1973
- Architectural style
- Other
Listing Agency
NextHome New Horizons Equity Realty
833THENEXT
607 Wheeling Avenue, OH
Listed by
Charlotte Landry · License #2021007958,PersonLicenseNumber
(833) 843-6398
Added: Jun 17 Checked: Jul 17 at 10:06 am
MLS# 5219638
Listing URL
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Investment Insights
Based on property information with market context.
This property is a five-building motel totaling more than 31,000 square feet of gross building area. The seller reports that 40 updated rooms are currently generating income, with 10 additional rooms in various stages of renovation. Owner-provided improvements include new concrete work and drainage, floor joists and subfloor, updated plumbing, gutters, and more than 30 new doors.
The motel is described as located right on I-70 with strong visibility and accessibility, near Cambridge Downtown and Salt Fork. The remarks also note it sits at the interchange of I-70 and I-77, supported by an approximately 4.33-acre site.
For a buyer seeking to add value, the seller indicates two of the buildings are ready for additional ownership “spin,” and the remaining buildings include actively updated and renovating rooms.
The motel is described as located right on I-70 with strong visibility and accessibility, near Cambridge Downtown and Salt Fork. The remarks also note it sits at the interchange of I-70 and I-77, supported by an approximately 4.33-acre site.
For a buyer seeking to add value, the seller indicates two of the buildings are ready for additional ownership “spin,” and the remaining buildings include actively updated and renovating rooms.
Key Highlights
- Cambridge Motel built in 1973 with over 31,000 sf of gross building area
- Monthly revenue over $18,000 with 40 updated rooms generating income
- Includes 10 additional rooms currently in various stages of renovation
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Motel - Five-building motel with updated rooms and extensive improvements, including plumbing and doors, generating current monthly revenue.
Where is this motel located?
The property is located at 2321 Southgate Cambridge, OH.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Cambridge Motel built in 1973 with over 31,000 sf of gross building area; Monthly revenue over $18,000 with 40 updated rooms generating income; Includes 10 additional rooms currently in various stages of renovation
