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    Main St New Philadelphia, OH 44663

    Sponsored
    For Sale
    $1,700,000

    Profitable Hotel, 3-Bedroom Home Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity encompasses a fully renovated 48-room hotel/motel in New Philadelphia, Ohio, situated on over three acres. Boasting a gross revenue of $417,000 and a 37.5% occupancy rate, this property offers significant earning potential. The average daily rate (ADR) stands at $64.80 per room. On-site amenities include a laundry area, breakfast/meeting room, and a 256 sq. ft. utility building. The extensive blacktop parking lot and concrete sidewalks are in excellent condition, complemented by a rear limestone lot suitable for semi-truck parking. Adding to its appeal is a 1,350 sq. ft., three-bedroom, one-bathroom single-family home with a one-car garage, constructed in 2004. This turnkey operation is ready for immediate ownership. Financial details and due diligence materials are available upon request with a Letter of Intent and proof of funds. The property is located at Main St, New Philadelphia, OH 44663, in Tuscarawas County. This combined hotel and residential property presents a rare chance to acquire a profitable business and comfortable living quarters in one convenient location.

    Property Features for 0 Main St

    General Information

    Property type
    Motels
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    New Philadelphia
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.3554771
    Latitude
    40.4787865

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    FAQs

    What type of property is this?
    Motel - Profitable Hotel, 3-Bedroom Home Included
    Where is this motel located?
    The property is located at Main St New Philadelphia, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
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    Main St New Philadelphia, OH 44663
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    New Philadelphia, OH 44663
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Main St New Philadelphia, OH 44663
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