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- LoopNet Team
5174 Township Road 359
Millersburg, OH 44654
Blessings Lodge & Cabin Suites · Hospitality Property For Sale
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9 Rooms
INVESTMENT HIGHLIGHTS
- High Occupancy Lodge in Ohio's #1 Tourism Destination
- Out Of State Investors Opportunity
- Major Cash Flow & Easy Operation
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 9 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1988/2018 |
| Lot Size | 0.77 AC | Parking Ratio | 2.5/1,000 SF |
| Building Size | 8,000 SF | Corridor | Interior |
| Zoning | None - No zoning laws or restrictions in Holmes County | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.77 AC |
| Building Size | 8,000 SF |
| No. Rooms | 9 |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2018 |
| Parking Ratio | 2.5/1,000 SF |
| Corridor | Interior |
| Zoning | None - No zoning laws or restrictions in Holmes County |
AMENITIES
- Balcony
ABOUT 5174 TOWNSHIP ROAD 359 , MILLERSBURG, OH 44654
Major cash flow property with a Gross Revenue of $292,525 and Net Income of $205,605 in 2019. Blessings Lodge is in Ohio's Amish Country, which is Ohio's #1 tourist destination with over 4 million visitors each year. The lodge features 9 short term rental units in 2 buildings. The first building contains 4 units and was built in 2018. The 2nd building contains 5 units and was built in 2000. Each unit has a kitchen, living room, master bedroom, and fireplace. The lodge fills a unique niche in the popular tourist destination by providing a cabin experience, without the high price of renting a stand alone cabin. Our customers receive all the same amenities, at a fraction of the price. This has generated an extremely loyal customer base over the last 20 years, which continues to grow each year. 2019 showed double digit percent growth in revenue and NOI. Property has city utilities (Gas, Water, Sewer) Cable internet. Owner is selling to take advantage of a 1031 exchange.
PROPERTY TAXES
| Parcel Number | 01-00311.004 | Improvements Assessment | $182,266 |
| Land Assessment | $41,806 | Total Assessment | $224,071 |
PROPERTY TAXES
