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$1,750,000
Est. payment /mo
26,656 SqFt
UPDATED:
01/15/2025 12:46 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 26,656 sqft
Price per Sqft $65
Subdivision Demints
MLS Listing ID 1036393
Style Other
Year Built 1963
Annual Tax Amount $15,374
Tax Year 2023
Lot Size 2.000 Acres
Lot Dimensions 2.002
Property Description
Prime opportunity in Springfield, Ohio! The Retro Travel Lodge, a possible 80-unit motel, is perfectly situated near the revitalized downtown and directly across from the Regional Hospital. Offering exceptional visibility on a corner lot, this property consists of endless potential for a new owner or corporation seeking to capitalize on the area's growth and vibrancy.Strategically positioned near I-70, providing easy access for commuters to both Dayton and Columbus. Close to downtown Springfield, this site is ideal for contributing to the city's exciting revitalization efforts. Springfield, a community rich in history and spirit, continues to grow as a hub for culture, business, and development. The property includes a two-story, 78-room economy lodging facility spanning 29,656 square feet on a multi-parcel lot totaling just over 2 acres. Featuring a room mix of 40% King Suites (31 rooms) and 60% Double Queen Suites (47 rooms), this motel is designed to meet diverse guest needs.Constructed with durable Class C materials, the concrete block framing and exterior ensure long-lasting functionality. On-site amenities include a welcoming office/lobby, convenient laundry facilities, and versatile conference room-style office spaces. Additionally, the property features an 843-square-foot full-service restaurant, adding value and service options for guests.**Zoning UPOD, Neighborhood Commercial District** Multi parcel property includes: 5 parcels with main structure: 3400035320002, 3400700035320003, 34007000353220004, 3400700035320005. Other additional parcel IDs to make up acreage are as follows: 340070035320006; 40x99. 20008: 42x72 & 20007: 40x969The vision for this project could be endless! Many retro Travel Lodge facilities have been modernized into great lodging for today's traveler. Examples of retro fitted transformations are available upon request to the Listing Agents.
Location
State OH
County Clark
Area 011 N O Main / W Of Limestone
Zoning Commercial
Rooms
Basement None
Interior
Heating Electric
Cooling Wall Unit(s)
Exterior
Exterior Feature Block, Other
Utilities Available Natural Gas Connected, Sewer Connected
Building
Foundation Slab
Sewer Public Sewer
Water Supplied Water
Others
Ownership Non-Occupant
Financing 1031 Exchange,Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/wrist/1036393
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Listed by Real Estate II, Inc.