Historic Bed &
403 E Adams Street, Sandusky, OH 44870
For Sale
$2,100,000
A furnished lodging property with multiple guest rooms, fireplaces, and a separate third-floor living area.
Property Size10,000 SF
Price / SF$210
Days on Market127
Property Features for 403 E Adams Street
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Utilities to Site
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
8 fireplaces
formal ladies' and gentlemen's parlors
library with fireplace and new veranda
original hardwood floors
custom wood shutters
crown molding
chandeliers
central air
modern kitchen
self-contained third floor with private kitchen
widow's walk with panoramic views
first-floor ADA-accessible bedroom and bath
Building Details
Building Size
Year Built
Buildings
Construction
Abandoned
Listing Agency:
Russell Real Estate Services
(440) 201-9850
Listed By:
Michael Pasadyn
(440) 258-9126
Source:
Kimberlysrealtycorp
Added: Jul 10
Changed: Nov 12
Last Checked: Nov 13 at 6:42AM
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 Russell Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 1850, this 10,000 SF Italianate Victorian operates as a furnished bed and breakfast. The property has 27 rooms, including 10 bedrooms; eight bedrooms have private en-suite baths. The layout also includes nine full baths, two half baths, eight fireplaces, formal parlors, a library, and a modern kitchen. A first-floor bedroom and bath are ADA accessible. Original hardwood floors, custom wood shutters, crown molding, and chandeliers remain among the interior details, alongside updated plumbing and electrical systems, central air, and a redone roof.
The third floor is configured as a separate area with three bedrooms, two full baths, a private kitchen, and a widow’s walk overlooking Sandusky Bay, Cedar Point, and Lake Erie. The property is listed on the National Register of Historic Places and is located in downtown Sandusky, about 10 minutes from Cedar Point and within walking distance of the Lake Erie Islands ferry terminal. The property may be offered furnished and is presented for continued B&B use, event venue use, or as a private estate.
The third floor is configured as a separate area with three bedrooms, two full baths, a private kitchen, and a widow’s walk overlooking Sandusky Bay, Cedar Point, and Lake Erie. The property is listed on the National Register of Historic Places and is located in downtown Sandusky, about 10 minutes from Cedar Point and within walking distance of the Lake Erie Islands ferry terminal. The property may be offered furnished and is presented for continued B&B use, event venue use, or as a private estate.
Key Highlights
- 10,000 SF Italianate Victorian built in 1850
- 27 rooms, including 10 bedrooms and 9 full and 2 half baths
- Eight bedrooms have private en‑suite baths; eight fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,688
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,760
$1.4M
Cap Rate 7%
$966,971
$967.0K
Cap Rate 9%
$752,089
$752.1K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$150.0K $15.00/SF
− Vacancy
−$7.5K −$0.75/SF
EGI
$142.5K $14.25/SF
− OpEx
−$74.8K −$7.48/SF
NOI
$67.7K $6.77/SF
Area
Erie County, OH
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,353,760
Cap Rate 7%
$966,971
Cap Rate 9%
$752,089
Alternative Uses
Best Use
Hotel Hospitality
$967.0K
$846.1K – $1.13M
NOI $67,688 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.59M
$2.26M – $3.02M
NOI $181,062 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44870, OH
40,416
Population
19,991
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
90%
High-School Grad
60.7 sq mi
ZIP Area
666
Density / Sq Mi
$58,797
Median Household Income
$36,056
Median Earnings
$863
Median Rent
$148,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- 1890 Queen Anne Bed & Breakfast — 714 Wayne St, Sandusky, OH 44870
- Cove Dwellers Vacation Rentals — 413 Cove St, Sandusky, OH 44870
Frequently Asked Questions
What type of property is this?
Bed & breakfast - A furnished lodging property with multiple guest rooms, fireplaces, and a separate third-floor living area.
Where is this bed & breakfast located?
The property is located at 403 E Adams Street Sandusky, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 10,000 SF Italianate Victorian built in 1850; 27 rooms, including 10 bedrooms and 9 full and 2 half baths; Eight bedrooms have private en‑suite baths; eight fireplaces
