Listed by E-Merge Real Estate, e-Merge Real Estate
$1,199,000
Economy Inn & Suites Ashtabula Ohio
Details
APN 030430001600
Property Type Hospitality
Sub Type Hotel, Full Service
Square Footage 8,801
Units 22
Cap Rate 9.88%
NOI $118,463
Price per SqFt $136
Year Built 1960
Stories 1
Acreage 0.890
Zoning Structure Code/Description: 315 MOTEL; Grade: C-2
Hospitality | 9.88% CAP
Marketing description
***Potential Seller Financing Available***
Discover the Vibrant Possibilities of Ashtabula, Ohio, the Perfect Location for Your Next
Hospitality Investment. This Charming Area Offers a Dynamic Blend of Natural Beauty,
Including the Stunning Lake Erie, as Well as Cultural Attractions Like the Ashtabula Arts
Center and the Hubbard House Underground Railroad Museum. Visitors Will Be Drawn to
The Nearby Historic Ashtabula Harbor, a Scenic Waterfront District Featuring Quaint Shops,
Dining, and Entertainment Options. With Easy Access to Wineries, Golf Courses, and
Outdoor Recreation, the Area Provides Endless Opportunities for a Successful Hospitality or
Full-service Venture. Embrace the Potential of This Thriving Community and Create a
Memorable Destination Experience at Your Next Investment Location.
Investment highlights
- Prominent visibility along North Ridge Road East with accessible frontage
- Well-appointed lobby area designed for efficient guest arrivals
- Multiple guest room types tailored to varying traveler needs
- Dedicated service corridors enable smooth on-site operations
- Outdoor amenity spaces support guest relaxation and events
- Opportunity for branded hospitality conversion or independent boutique concept
- Existing infrastructure supports modern guest services and comfort
- Easily adaptable layout for enhanced dining or amenity experiences
- Efficient floor plan maximizes usable guest and service space
- Flexible spaces favorable for extended-stay or leisure programming
- Utility systems configured for seamless hotel operations
- Highly marketable hospitality presence in Ashtabula's corridor
Listing Contacts
Listed by E-Merge Real Estate, e-Merge Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,463.00
$9,871.92/mo
Valuation Metrics
0
DSCR
9.88%
Cap Rate
9.88%
ROI
Map
Zoning
LB CommercialRetail CommercialLocal Business District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
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View all 99 uses
View all 99 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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