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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28295435
28295434

116 Park Ave W, Mansfield, OH 44902

HB
01267105
Exclusive Realty & Finance
SY
CA 00955288
Power Brokers International Inc Beverly Hills
Listed by Exclusive Realty & Finance, Power Brokers International Inc Beverly Hills
$3,500,000
198 days on market
Updated 23 days ago
Opportunity zone

Quality INN

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 100,000
Keys 128
Occupancy 80%
Price per SqFt $35
Broker Co-Op Yes
Year Built 1984
Year Renovated April 2023
Stories 6
Lot Size (SqFt) 110,000
Investment Type Value Add
Ground Lease No
Ownership 100

Hospitality | 128 Keys

Marketing description

OFF MARKET

PLEASE CALL SIMA YAMINI @ 213-422-6303

Property is located in Downtown of Mansfield Ohio

Just converted to a Quality Inn recently.

10 Year Flag

Excellent condition and location

Motivated seller, the Seller has moved out of the country and wishes to sell fast, Seller motivated.

PROPERTY DESCRIPTION:

Land 110,000 SF

Building 100,000 SF

Number of rooms 128

Built 1984

Class Midscale

Renovations April 2023 Renovation: $300K in capital improvements

Features:

Mansfield’s largest conference center

Attached entertainment theater

Walkable location in Mansfield's historic downtown corridor

Area Proximity to Medical Facilities

This asset sits near a dense medical and commercial

corridor, including:

OhioHealth Mansfield Hospital – 0.7 miles

Five Points Primary Care – 0.27 miles

OhioHealth Physician Group Primary Care – 2.08 miles

Women’s Health Primary Care Mansfield – 2.08 miles

The property's location, versatility, and nearby infrastructure position it well for continued hospitality use—or conversion to senior living, transitional housing, or medical hospitality.

Originally purchased for $4.6 million, the minimum asking price for the property is set at $4 million. Additionally, please note that there is a $900,000 room review currently in progress. The owners are open to considering offers around this $1 million mark .

Call me to discuss further.

Investment highlights

Proximity to Medical Facilities

This asset sits near a dense medical and commercial

corridor,including:

OhioHealth Mansfield Hospital – 0.7 miles

Five Points Primary Care – 0.27 miles

OhioHealth Physician Group Primary Care – 2.08 miles

Women’s Health Primary Care Mansfield – 2.08 miles


The property's location, versatility, and nearby infrastructure position it well for continued hospitality use—or conversion to senior living, transitional housing, or medical hospitality.

Listing Contacts

HB
01267105
Exclusive Realty & Finance
SY
CA 00955288
Power Brokers International Inc Beverly Hills
Listed by Exclusive Realty & Finance, Power Brokers International Inc Beverly Hills

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