5169 Lake (SR 531) Road Geneva, OH $ 1,499,000
5169 Lake (SR 531) Road
$ 1,499,000
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5169 Lake (SR 531) Road

Geneva, OH, 44041
$ 1,499,000
Baths0.0 Sq 4,787

Monthly Estimate*

$ 10,471

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Studio

Commercial Property for sale in Geneva, OH

for $1,499,000. This 4,787 square foot building was built in 1967 on a lot size of 0.4998.

17 Room Motel that has been completely updated and remodeled within the last 3 years. (4) double occupancy, (1) handicap accessible, 12 single king rooms. There is a common area that could be used for games or continental breakfast, office/greeting area, hospitality/storage area, pool house, public bath, worker bath, in-ground pool with waterfall wall feature. This property has loads of income potential. Currently, bookings reflect income Memorial Day until the first weekend in September. This could be open year round if desired. All linens, bedding, patio furniture, room furniture, benches, refrigerators, heating/cooling units, hospitality grade TVs are included. This is a complete turn-key opportunity.

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Commercial Active

Price

$ 1,499,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,396

Style

Lot Size

0.4998

Year Built

1967

Town/City

Geneva

County/Region

Ashtabula

MLS | Web ID

4499812

Features
General
Sewer PublicSewer
Heating Electric Other
Cooling WallUnits
Possession Negotiable
Roof Flat Metal
Security Features SecuritySystem
Year Built 1967
Property SubType SpecialPurpose
County Ashtabula
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Geneva-On-The-Lk
Garage Y/N N
Building Features JanitorialService PrivateRestrooms PublicRestrooms
Status Active
Directions East end of The Strip west of Austin Rd
City Geneva
Buyer Agent Compensation 3/2
View Y/N N
Senior Community Y/N N
High School District Geneva Area CSD - 404
Total Units 17
Waterfront Y/N N
Carport Y/N N
Street Name Lake (SR 531)
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4396.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 134
Standard Status Active
Middle/Junior School District Geneva Area CSD - 404
Elementary School District Geneva Area CSD - 404
Property Sub Type Additional SpecialPurpose
Legal Description SEC 2--12
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Exterior
Parking Features Driveway Paved
Water Source Public
Lot Size Area 0.4998
Foundation Details Slab
Number of Buildings 2
Spa N
Building Area Total 4787.0
Lot Dimensions 80x267
Lot Size Acres 0.4998
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4787.0
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Above Grade Finished Area Source Realist
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Internal Only
Street Number 1 5169
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* Excluded Features
List By
Clorice L Dlugos

Listing Agent

Mcdowell Homes Real Estate Services

Broker

cloricedlugos@gmail.com

Email

Affordability Calculator

$10,837
Per Month
97%
3%
0%
Monthly Principal & Interest
$10,471
Monthly Property Taxes
$366
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457707 Elementary School
4457662 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$1,499,000 -25.05% Price Down
1/5/2024$1,999,999 -20.00% Price Down
11/6/2023$2,500,000 Listed Price

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5169 Lake (SR 531) Road, Geneva, OH, 44041 is a Commercial Property for sale at $1,499,000 with 4,787 sqft and a lot size of 0.4998. 5169 Lake (SR 531) Road is a studio with 0.0 baths and was built in 1967. The property's zip code is 44041 which is in Geneva, OH