601 High St, Mount Vernon, OH 43050-2328

Property Details for 601 High St

Year built

1955

Lot size

0.20 lot acres

Property type

Motels

APN

66-04738.000

APU

6604738000

Description

This exceptional investment opportunity presents a beautifully renovated 16-unit hotel located at 601 W High Street in the heart of downtown Mount Vernon, Ohio. The property, built in 1867 and situated on a generous 8,712 square foot lot (.8 acres), offers a compelling blend of historic charm and modern amenities. With a total of 4,902 square feet and 4,740 square feet of net rentable space, the asking price is $1,495,000, translating to $315.40 per square foot. The hotel boasts a diverse mix of guest rooms and suites, along with separate houses, providing flexibility for various rental strategies, including nightly rentals, long-term stays, Airbnb, or VRBO. Two of the units offer the potential for on-site owner occupancy, providing convenient management oversight. A complimentary breakfast is currently offered to short-term guests, while long-term guests have the option to purchase breakfast. The property is zoned General Business and benefits from its proximity to the expanding Heartland Commerce Park, ensuring a stable and potentially growing market. This turnkey operation is ideal for an investor seeking a high-return hospitality asset in a thriving Ohio location. The property's unique blend of historic character and modern updates makes it a truly exceptional investment opportunity.

Location Insight

City

Mount Vernon

County

Knox

State

Ohio

Longitude

-82.4934

Latitude

40.3943

CBSA code

34540

CBSA name

MOUNT VERNON, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments