3 bedroom Penthouse on top of 24 room hotel with a views of Lake Erie

Asking Price$1,680,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&E$160,000
Included in asking price
Building Sq. Ft.15107

Price per Sq. Ft.Not Disclosed

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3 bedroom Penthouse on top of 24 room hotel with a views of Lake Erie


Asking Price$1,680,000

Gross Revenue
Not Disclosed

Net Operating IncomeNot Disclosed

FF&E$160,000
Included in asking price
Building Sq. Ft.15107

Price per Sq. Ft.Not Disclosed

Property Description
Hotel consists of 3 stories, 15107sf , with 24 up to date furnished rooms, with baths and kitchenettes. Elevator takes you to 3rd floor Penthouse, 3 bedrooms, 2.5 baths and a commercial kitchen with views of Lake Erie. New roofs cover the entire establishment which is built out of block and concrete back in 1994. The 1600 Sf seperate building but on the same property, was gutted and refurbished 7 years ago to house the bar and restaurant. The 6 glass overhead garage doors invite the clientele in for a feeling of a Florida vibe near the Shores of Lake Erie, while they enjoy their favorite food and bevarage. The bar restaurant is furnished with coolers, ice machine, sinks, utensils, bar stools, etc, everything you need for startup on may 1st, all in great condition. The condotel this winter has 11guests, 8 permanent (for now) 2 seasonal (10k+ a month). Penthouse is vacant, either for you, the owner,or for rental. Commercial washer and dryer, vending machine, ice machine plus an outback patio. Pool been taken out to help out insurance premiums, maintenance and(cleaning of tree buds, cottonwood, mayflies and leaves) Well maintained and kept up through out the year. Price reflects property appraisal and inventory is all.
About the Property
Type
Other Business Real Estate
Building Status
Established
Facilities & Assets
Hotel consists of 3 stories, 15107sf , with 24 up to date furnished rooms, with baths and kitchenettes. Elevator takes you to 3rd floor Penthouse, 3 bedrooms, 2.5 baths and a commercial kitchen with views of Lake Erie. New roofs cover the entire establishment which is built out of block and concrete. The 1600 Sf off set building was gutted and refurbished 7 years ago to house the bar and restaurant. The 6 glass overhead garage doors invite the clientele in for a feeling of a Florida vibe near the Shores of Lake Erie, while they enjoy their favorites.
Location Description
Corner St Rt 163 and Sand Rd, 2nd busiest intersection on Catawba Island
Current and Prior Use
Condotel, condo and hotel use. (11 permanent guests) May. 1st through October 31st liquor license
Year Built
1994
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Current Property Expenses
Taxes, utilities, insurance
Listing Info
ID:
2457891
Listing Views:
8
Business Location

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Property Listed by: Todd Burns

Listing ID: 2457891 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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