1100 Mediterranean Ave Columbus, OH 43229-2500

Property Details for 1100 Mediterranean Ave

Year built

1987

Lot size

2.02 lot acres

Property size

48,160 SF

Property type

Motels

APN

010-196700

APU

10196700

Description

This exceptional 4-story hotel, located at 1100 Mediterranean Avenue in Columbus, Ohio, presents a unique investment opportunity. The property boasts a substantial 48,160 square feet of space situated on a 2.02-acre lot, offering significant potential for future development. The entire building has undergone a complete renovation, extending from the foundation to the rooftop and parking area. All 102 rooms are fully furnished and equipped with modern amenities including a kitchen with dishwasher, beds, TV, phone, coffee maker, mattress and box spring, and drapes. The property includes 8 ADA-compliant units and 8 one-bedroom units, with the remaining 86 units configured as studios. All units feature brand new fixtures and furniture. Building amenities include two elevators, building-wide Wi-Fi and cable TV, and comprehensive security cameras both inside and outside the building. Its convenient location provides easy access to I-71 and I-161, adding to its appeal. Furthermore, this property is situated within an Opportunity Zone, presenting additional investment incentives. The asking price for this fully renovated, turnkey hotel is $10,750,000. The property's current configuration as a hotel offers immediate income potential, while its size and location also allow for the possibility of conversion to apartments, should the new owner choose to pursue that option. This is a rare opportunity to acquire a completely renovated, high-amenity property in a prime Columbus location.