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Lakefront 8-Unit Motel
For Sale
$699,900

298 Park Avenue, Conneaut, OH 44030

A separate ranch residence adds an eat-in kitchen and patio overlooking the water.

Property Size3,164 SF
Price / SF$221.21
Days on Market165

Property Features for 298 Park Avenue

General Information

Standard status Active
Size 3,164 SF
Property subtype Quadruplex

Taxes and HOA fees

Annual Taxes $4,011

Amenities

kitchenette areas
office/laundry space
storage
patio

Building Details

Building Size 3,164 SF
Year Built 1955
Listing Agency: Life Stages Realty LLC
Listed By: Nicolette Kuebeler · License #2022002552
Source: Lifestagesrealty
Added: May 15 Changed: Oct 26 Last Checked: Oct 26 at 2:19PM

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 Life Stages Realty LLC

Rey
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Investment Insights

Based on property information with market context.

The property includes an 8-unit motel with adjoining kitchenette areas, office and laundry space, and additional storage. Furniture, bedding, and furnishings are included. A separate 2-bedroom, 1-bath ranch house has an eat-in kitchen and a patio facing the lake and harbor. Metal roofs were installed on all buildings, and both the motel and ranch house have new siding. The motel was built in 1955.

The site has 180 feet of Lake Erie frontage, with views toward Conneaut Harbor and Conneaut Lighthouse.

Key Highlights

  • 180 feet of Lake Erie frontage
  • 8‑unit motel with adjoining kitchenette areas
  • Separate 2‑bedroom, 1‑bath ranch with eat‑in kitchen and patio

Property Analytics

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Current Use

Lakefront Motel Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Auto Repair Shop Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

98
Businesses Nearby
Well-served
Demand for This Use

Demographics for 44030, OH

15,868
Population
7,211
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
58.7 sq mi
ZIP Area
270
Density / Sq Mi
$57,264
Median Household Income
$30,785
Median Earnings
$757
Median Rent
$136,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby

  • Hanks Harbor — 882 Broad St, Conneaut, OH 44030
  • Helen's House Rentals — 905 Broad St, Conneaut, OH 44030
  • Lakefront Motel — 298 Park Ave, Conneaut, OH 44030
  • The Day Street Inn — 955 Day St, Conneaut, OH 44030

Frequently Asked Questions

What type of property is this?
Motel - A separate ranch residence adds an eat-in kitchen and patio overlooking the water.
Where is this motel located?
The property is located at 298 Park Avenue Conneaut, OH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 180 feet of Lake Erie frontage; 8‑unit motel with adjoining kitchenette areas; Separate 2‑bedroom, 1‑bath ranch with eat‑in kitchen and patio
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