$995,000

4960 Golf View Drive, Geneva, OH 44041

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.8acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 4 months ago

Property Description

Turnkey 11-Key Motel Investment Opportunity in Geneva-on-the-Lake, Ohio's First Summer Resort. Discover a rare chance to own a well-established, income-producing hospitality property in the heart of Geneva-on-the-Lake, a popular tourist destination with over 30 years of guest loyalty and untapped growth potential. This turnkey 11-unit motel features spacious 2-bedroom suites, each with queen beds, a full bathroom, a kitchenette, and a cozy sitting area. Three units have been fully remodeled, offering a modernized guest experience. Currently operating seasonally from Memorial Day to mid-September, the business thrives without advertising, showcasing strong repeat business. The property presents significant upside with potential for year-round operation and online marketing exposure. Included is a private second-floor owner's residence with approximately 2,000 sq ft, 3 bedrooms, 1.5 baths, formal living and dining rooms, and a large eat-in kitchen. The residence has not been rented, offering an opportunity for additional rental income or on-site management. Enjoy guest-attracting amenities including a recently upgraded in-ground pool (2023 improvements totaling $90K: new concrete, aprons, heater and plumbing), a landscaped outdoor pavilion for picnics and events, and ample green space. Sale includes all furnishings: linens, beds, TVs, heating/cooling units, kitchen appliances, and patio furniture: everything needed to continue operations from day one. Located just a short commute from the Lake Erie shoreline, Geneva State Park and Marina, wineries, the Historic Ashtabula Harbor, restaurants, and attractions, this property is ideal for investors seeking a stable, cash-flowing motel business with growth potential in a high-demand resort town

Listing Status:
Active
Listing Office:
McDowell Homes Real Estate Services : 440-205-2000
Listing Agent:
Antoinette Noday-Krager : 440-813-4079
MLS ID:
5136572
  • A/C: Central Air
  • Heating: Forced AirGas
  • Pool: Community
  • Parking: GuestGravelOn SiteOpenOutsideOversizedParking Lot
  • Roofing: Asphalt
  • General: Slab
  • Originating MLS: NOWDD_NORM
  • School District: Geneva Area CSD - 404
  • County: Ashtabula
  • Zoning: SEC 2--13 M & 14 W Commercial - MOTEL210130002300
  • Fencing: PerimeterWood
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Antoinette Noday-Krager, McDowell Homes Real Estate Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Geneva Platt R. Spencer Elementary School

755 Austin Rd, Geneva, OH, 44041

Grades KG-5

3.07 miles away

G

Geneva Middle School

839 Sherman St, Geneva, OH, 44041

Grades 6-8

4.53 miles away

G

Geneva High School

1301 S Ridge Rd E, Geneva, OH, 44041

Grades 9-12

4.25 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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