1720 Columbus Pike Delaware, OH 43015-2726
- Motels
- 31,800 SF
- 2.43 lot acres
Feb 27, 2025
Current Use by Public Records
- Baymont by Wyndham Delaware / Hotel / Inn
Property Details for 1720 Columbus Pike
- Year built
- 1997
- Lot size
- 2.43 lot acres
- Property size
- 31,800 SF
- Property type
- Motels
- APN
- 419-130-05-018-001
- APU
- 41913005018001
Description
This exceptional 71-key Baymont Inn & Suites hotel presents a compelling owner-user investment opportunity in Delaware, Ohio. Located at 1720 Columbus Pike, this two-story, 30,000 square foot property sits on a 2.428-acre lot and boasts a desirable location near major attractions including Tanger Outlets, Polaris Fashion Place, and numerous corporate headquarters such as JPMorgan Chase, Abercrombie & Fitch, and Intel, as well as Ohio State University. Built in 1997, the hotel features interior corridors, an indoor pool, and a fitness center, along with a breakfast area. The property includes 75 parking spaces. The asking price is $3,800,000, translating to $126.67 per square foot and $53,521 per key. With a current occupancy rate of 44.5% (as of December 31, 2023), this asset offers a significant value-add opportunity for an experienced operator to enhance operational efficiency and increase revenue. The wood-frame structure features a pitched, shingled roof and individual PTAC heating and cooling units. The property's parcel number is 419-130-05-018-001. Delaware County's projected population growth to 460,953 by 2050 underscores the significant long-term potential of this investment. This is a fee-simple ownership opportunity with no ground lease. The property is zoned for commercial use.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delaware
- County
- Delaware
- State
- Ohio
- Longitude
- -83.072
- Latitude
- 40.2675
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
