116 Park Ave W, Mansfield, OH 44902

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.