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Economy Inn 4258 Youngstown Rd 52 Room Hotel Warren, OH 44484 $2,493,431 CAD ($47,951 CAD/Room)
Executive Summary
Economy Inn Located at 4258 Youngstown Rd, Warren OH 44484, this charming motel offers a lucrative investment opportunity. With a total of 52 rooms spread over 18,000 SF on 1.53 acres of land, the Economy Inn presents a solid financial prospect at a competitive price of $1,799,999. The property's convenient location boasts a strong demographic profile, with a population of 83,929 within a 5-mile radius and median household incomes on the rise. Built-in 1965, the motel features ample parking with a ratio of 1.44 spaces per room and zoning suitable for lodging operations. Whether you're seeking to expand your real estate portfolio or enter the hospitality industry, the Economy Inn offers a promising venture. Don't miss out on this exclusive opportunity to acquire a well-established property with growth potential in the growing market of Warren, OH.
Property Facts
| Price | $2,493,431 CAD | Building Size | 18,000 SF |
| Price Per Room | $47,951 CAD | No. Rooms | 52 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1965 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 4.17/1,000 SF |
| Lot Size | 1.53 AC | Corridor | Interior |
| Zoning | MOTEL | ||
| Price | $2,493,431 CAD |
| Price Per Room | $47,951 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 18,000 SF |
| No. Rooms | 52 |
| No. Stories | 2 |
| Year Built | 1965 |
| Tenancy | Single |
| Parking Ratio | 4.17/1,000 SF |
| Corridor | Interior |
| Zoning | MOTEL |
Amenities
- Restaurant
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $134.37 CAD | - |
| Guest Room | 49 | $78.96 CAD | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 44-016756 | Improvements Assessment | $314,234 CAD |
| Land Assessment | $56,024 CAD | Total Assessment | $370,258 CAD |
Property Taxes
Parcel Number
44-016756
Land Assessment
$56,024 CAD
Improvements Assessment
$314,234 CAD
Total Assessment
$370,258 CAD
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Economy Inn | 4258 Youngstown Rd
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