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    5225 Old Lake Rd Geneva, OH 44041

    5,343 SF 0.28 ac lot Built 1960
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US66-0549076
    5225 Old Lake Rd, Geneva, OH 44041 For Sale 1 / 19
    $2,100,000 5,343 SF
    5225 Old Lake Rd, Geneva, OH 44041
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    Property summary
    AI-generated overview

    Prime Geneva-on-the-Lake location, this 17-key motel boasts stunning Lake Erie views from most rooms. Completely renovated in 2022, this two-story, 6,500-8,200 square foot brick structure offers a turnkey operation. The property includes a private beach area and a separate three-bedroom, two-bathroom Airbnb unit with open-concept living and a modern kitchen. A lower-level owner/janitorial suite provides convenient access from the lobby. Situated on a 0.28-acre lot, this established business benefits from its location in a seasonal resort area. The property's Commercial zoning allows for flexibility. Built in 1960, this meticulously maintained motel presents a rare investment opportunity. An additional 17-key motel with a private pool is available for purchase, expanding the potential to 34 keys, along with an owner's suite and additional beach access. The property's APN is 210300000100. Asking price is $1,999,900.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL/MOTEL
    Year built 1960
    Construction WOOD
    Total area 5,343 SF
    Lot 0.28 ac (12,197 SF)
    APN 21-030-00-001-00
    UPID US66-0549076
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Romano Investment Holdings LLC · 2 yrs held
    Romano Investment Holdings LLC
    since 2023
    Last sale
    $275,000
    4 recorded transactions
    2023
    $275,000
    2021
    $275,000
    2020
    $575,000
    2020
    $575,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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