Boutique Motels Investment
For Sale
Contact for pricing
5225 Old Lake Rd, Geneva, OH 44041
Two unencumbered boutique motels with penthouse for sale.
Property Size2,000 SF
Price / SF$1,050
Days on Market193
Property Features for 5225 Old Lake Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Hospitality
Zoning
C-410
Occupancy
45%
Investment Type
Value Add
Net Operating Income
$189,633
Building Details
Year Built
1960
Year Renovated
2021
Buildings
2
Stories
1
Listing Agency:
Laurel Real Estate
Listed By:
Lauren D'Souza-Faze · License #SAL.2022006112
Source:
Crexi
Added: Feb 6
Changed: Aug 17
Last Checked: Aug 13 at 3:58PM
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 Laurel Real Estate
Investment Insights
Based on property information with market context.
This offering presents an investment opportunity encompassing two boutique motels, totaling 32 units, along with a 2,000 square foot penthouse. The properties are being sold without franchise encumbrances, meaning no franchise fees or liquidated damages apply. The properties demonstrate a 55.9% Net Operating Income (NOI) margin, which may allow a future owner to generate cash flow through continued seasonal operations. There is also potential to increase revenue and NOI by expanding the booking window.
Key Highlights
- High 55.9% NOI margin for strong cash flow potential.
- Investment opportunity: 32 units + a spacious 2,000 sq ft penthouse.
- Unencumbered by franchise: enjoy freedom from franchise fees.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44041, OH
13,910
Population
7,155
Households
1.9
Avg Household Size
46
Median Age
18%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
214
Density / Sq Mi
$58,438
Median Household Income
$37,644
Median Earnings
$816
Median Rent
$167,000
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Blue House On Geneva On The Lake — 5053 University Dr, Geneva, OH 44041
- Geneva on the Lake — 4944 S Spencer Dr, Geneva, OH 44041
- King Arthur Courts — 4960 Golfview Dr, Geneva, OH 44041
- Sunset Cottage — 5563 Lake Rd E, Geneva-On-The-Lake, OH 44041
- Summertime Inn formerly Pera's Motel — 4894 Golf Ave, Geneva, OH 44041
Frequently Asked Questions
What type of property is this?
Motel - Two unencumbered boutique motels with penthouse for sale.
Where is this motel located?
The property is located at 5225 Old Lake Rd Geneva, 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: High 55.9% NOI margin for strong cash flow potential.; Investment opportunity: 32 units + a spacious 2,000 sq ft penthouse.; Unencumbered by franchise: enjoy freedom from franchise fees.
