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Property Description

Welcome to an exceptional investment opportunity nestled in the heart of Vermilion, Ohio. Presenting 3537 Liberty Rd, a lucrative real estate offering featuring a 17-unit motel with instant cash flow. Situated near downtown Vermilion and just a few blocks away from the serene shores of Lake Erie, this property boasts both convenience and charm. In addition to the thriving motel business, this property includes a cozy 2-bedroom house, perfect for generating additional rental income or providing accommodation for an on-site manager, enhancing the property’s management efficiency. Moreover, convenience is key with an on-site coin-operated laundry room, ensuring added convenience for both guests and tenants. The property also features a spacious 1200 sq ft 2-story high pole barn, providing ample storage space or potential for further rental opportunities. Expanding the income potential even further, a vast 180 x 70 vacant lot is situated at the rear of the property, offering endless possibilities for expansion or development. Don’t miss out on this rare opportunity to own a lucrative real estate asset in Vermilion, Ohio. Whether you’re an experienced investor seeking to expand your portfolio or a newcomer looking for a profitable venture, 3537 Liberty Rd offers the perfect blend of income potential and location convenience. Schedule your viewing today and unlock the doors to endless possibilities!

Features
: Baseboard, Gas, Radiators
: Wall Unit(s)
: No
: No
: No
: No
: No
: Parking Lot, Circular Driveway, On Site, Parking Lot, Parking Lot, Concrete, Gravel
: No
: Other, Receptionarea
: Park
: No
: Asphalt, Fiberglass
: Public Sewer
: No
: No
: No
: No
: No
: No
Address Map
OH
Lorain
Vermilion
44089
Liberty
3537
Avenue
W83° 40' 55.8''
N41° 25' 28.3''
Liberty Ave (Rt. 6) in Vermilion between Guilford Rd and Marlborough Rd
Property Details
Russell Real Estate Services
Steven Lawson
Walk-up Access,walk-out Access
7,963 Sqft
: No
2020000096
2760
01-00-003-129-001
: No
: No
: Public
2023
: Cash, Conventional, 1031 Exchange
06/04/2024 21:17:30
No
: No
: No
No
No
No

3537 Liberty Avenue, Vermilion, Ohio 44089

Commercial Sale For Sale

1.14 Acre
$1,200,000
Listing ID #5028703
Basic Details
Property Type : Commercial Sale
Property Sub Type : Hotel/motel
Listing Type : For Sale
Listing ID : 5028703
Price : $1,200,000
Year Built : 1950
Lot Area : 1.14 Acre
Status : Active
Subdivision Location : Vermilion/Lk 02/Krough Syn
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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