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5196 Lake Road

Geneva-on-the-Lake, OH 44041
  • $2,400,000
  • STATUS: Active
  • ON SITE: 121 Days
  • MLS #: 4345149
UPDATED: 66 min ago
$2,400,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Listing courtesy of Platinum Real Estate.
Listing information © 2022 YES-MLS.

Description

A true Turn Key business opportunity! The Anchor motel & Cottages provides 53 Motel rooms and Cottages is the highest rated lodging on the Strip! With a sleeping capacity for 187 guests. While the hospitality has industry slumped in recent years, the Anchor Motel & Cottages has enjoyed record growth! Guests enjoy On site parking, Direct TV with 24 Movie channels, free WiFi, fire pit, charcoal grill, picnic tables, and common area. The Triangle Lounge right next door is also part of the sale, and provides and offers Breakfast, Lunch, and Dinner.Both businesses have retained long term dependable, workers, and enjoy, smooth low maintenance operations for the Owners. Both businesses are successful, and still have plenty of room for long term growth.This is a year round operation, and also includes a 4 Bedroom home where the Motel and Cottages office is located.Based on 2019 Bookings, 65% of the customers are repeat visitors, while over 700 new customers enjoyed staying at the Motel & Cottages.Current Owners built the Anchor Motel and Cottages from a modest 12 unit Motel to what it is today. Owners are offering up to 60 days of support for the new owners.

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Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Jose Medina and Associates | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-05-27T16:41:52.947.
www.mystarkcountyhome.com/homes/125031956
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5196 Lake Road Geneva-on-the-Lake, OH 44041

  • Price: $2,400,000
  • Status: Active
  • On Site: 121 Days
  • Updated: 66 min ago
  • MLS #: 4345149
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1947
Built
Neighborhood:
Geneva-on-the-Lake
County:
Ashtabula
Area:
Geneva-on-the-Lake
Property Description
A true Turn Key business opportunity! The Anchor motel & Cottages provides 53 Motel rooms and Cottages is the highest rated lodging on the Strip! With a sleeping capacity for 187 guests. While the hospitality has industry slumped in recent years, the Anchor Motel & Cottages has enjoyed record growth! Guests enjoy On site parking, Direct TV with 24 Movie channels, free WiFi, fire pit, charcoal grill, picnic tables, and common area. The Triangle Lounge right next door is also part of the sale, and provides and offers Breakfast, Lunch, and Dinner.Both businesses have retained long term dependable, workers, and enjoy, smooth low maintenance operations for the Owners. Both businesses are successful, and still have plenty of room for long term growth.This is a year round operation, and also includes a 4 Bedroom home where the Motel and Cottages office is located.Based on 2019 Bookings, 65% of the customers are repeat visitors, while over 700 new customers enjoyed staying at the Motel & Cottages.Current Owners built the Anchor Motel and Cottages from a modest 12 unit Motel to what it is today. Owners are offering up to 60 days of support for the new owners.
Exterior Features

Roof AsphaltFiberglass

Interior Features

Basement YN No Building Area Total 0

Property Features

Lease Considered YN No Listing Terms CashConventional Lot Size Dimensions 0 Ownership Principal/Nr Property Sub Type Special Purpose Tax Annual Amount 20654 Year Built Details Actual Ybt

Listing information © 2022 YES-MLS.
Listing provided courtesy of Platinum Real Estate.
Listing information © 2022 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Jose Medina and Associates | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2022-05-27T16:41:52.947.
 
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Jose Medina and Associates | Keller Williams Legacy Group Realty
1401 South Main St. Suite 101
North Canton OH, 44720
Listing courtesy of Platinum Real Estate.
Listing information © 2022 YES-MLS.