Homes for sale - 3537 Liberty AVE, Vermilion, OH 44089

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Dennis Gonatas

dennis@homesbygonatas.com +1(330) 501-8300

$1,200,000

Est. payment - /mo

1.14 Acres Lot

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UPDATED:

09/30/2024 05:37 PM

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Subdivision Vermilion/Lk 02/Krough Syn

MLS Listing ID 5028703

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1950

Annual Tax Amount $12,488

Tax Year 2023

Lot Size 1.140 Acres

Acres 1.14

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!

Location

State OH

County Lorain

Community Park

Rooms

Basement Full, Other

Ensuite Laundry Coin-operated

Interior

Laundry Location Coin-operated

Heating Baseboard, Gas, Radiator(s)

Cooling Wall Unit(s)

Fireplace No

Laundry Coin-operated

Exterior

Garage Circular Driveway, Concrete, Gravel, On Site, Parking Lot

Fence None

Community Features Park

Waterfront No

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Parking Type Circular Driveway, Concrete, Gravel, On Site, Parking Lot

Building

Sewer Public Sewer

Water Public

Construction Status Updated/Remodeled

Schools

School District Vermilion Lsd - 2207

Others

Tax ID 01-00-003-129-001

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Steven Lawson • Russell Real Estate Services • stevelawson@superstevesells.com 440-320-9888

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Dennis Gonatas

+1(330) 501-8300

Principal Broker | BRKP.2023000272

Principal Broker BRKP.2023000272

3537 Liberty AVE Vermilion, OH 44089

Dennis Gonatas

Dennis Gonatas

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3537 Liberty AVE