Address
4029 Marlane Drive, Grove City, OH
Price
$ 2,600,000
Property Attributes
  • MLS#223003465
  • TypeCommercial
  • CountyFRANKLIN
  • CityGrove City
  • AreaJackson
  • Zip43123
  • StyleHotel/Motel
  • Year Built1973
  • Taxes$ 38024
  • Price$ 2,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16623
  • Lot Size1.21 Acres
Data Source:
Columbus REALTORS®
Property Description

This hotel is an incredible investment opportunity right off of the Stringtown Road exit; cash flowing business, sure to grow with all of the commercial and residential construction occurring in the area. Right off of the highway, this is a prime location for travelers and locals. The hotel has 44 rooms, including: 14 Singles, 28 Doubles, and 2 Suites. Both suites have a jacuzzi and stand up shower in them. The photos will show 5 different types of rooms including: King Handicapped Room, King Suite, Single Standard Room, Double Standard Room, and Carpeted Rooms. The Hotel also has vending machines, a laundry room, public restroom, a breakfast/beverage bar, and multiple seating areas. Additionally, there is a 2 Bedroom Owner's Suite and Apartment. Financials are available, see A2A notes.

Price History
2/10/2023 Listed $2,600,000

General Features

Sewer Public Sewer
Construction Block,Frame,Masonry,Metal
Possession Negotiable
Zoning Commercial
Status Active
Year Built 1973
Electric 3 Phase,Single Phase
County Franklin
Township Jackson
Type Hotel/Motel
Property Type E
Year Remodeled 2009
Number of Units 44.00
For Lease No
Tax Year 2021
Tax District 040
Days on Market 213
City Grove City
Street Name Marlane
Building Sq Ft 16623.00
Taxes (Yrly) 38024.00
Listing Member Name Alon S Melmed

Interior Features

Heat Type Forced Air
Heating Fuel Electric,Gas
Occupancy Rate 45
Street Suffix Drive
List Price/SqFt 156.41

Exterior Features

# of Drive-In Doors 0.00
Total Parking 75.00
# of Docks 0.00
Acreage 1.21
Minimum Sqft Avail 16623.00
Total SqFt Available 16623.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 43123

Price
AVG $820K
$2.6M
Taxes
AVG $12,720
$38,024
Visits
AVG 138
605
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1973
Walkscore
AVG 44
43
Data Provided by Walkscore® not using MLS data

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