Current Use by Public Records
- Hospitality properties
Property Details for 7323 Oh-37
- Year built
- 1998
- Lot size
- 2.06 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 61-unit Microtel Inn & Suites is located in Sunbury, Ohio, within Delaware County – Ohio's fastest-growing county. Boasting 23,300 square feet on a 2.06-acre lot, this two-story, interior-corridor hotel features 65 parking spaces and was fully renovated and reopened in October 2021. Amenities include an indoor pool and fitness center. The property includes individual room HVAC units, a pitched/shingled roof, and a sprinkler system. The asking price is $3,900,000, representing a price per key of $63,934.43 and a price per square foot of $167.38. The hotel's occupancy rate was 54.1% as of December 31, 2023. The property's parcel ID is Delaware County # 417-220-02-032-000. Its convenient I-71 location provides excellent access to Columbus and surrounding areas. Financial highlights include a reported revenue of $890,204 and a stabilized revenue per comparable set of $1,100,114. This presents a compelling investment opportunity in a high-growth market. The property is zoned commercial and offers significant potential for increased profitability. The building was constructed in 1998.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sunbury
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9296
- Latitude
- 40.2683
