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Iconic Mini-Motel with Riverfront Property 1066 1st Ave
11 Room Hotel Gallipolis, OH 45631 £553,663 (£50,333/Room)
Investment Highlights
- Within walking Distance to Downtown Gallipolis
- Within 2.5 miles of the Gallia-Meigs Regional Airport
- Within 10 miles of Kyger Creek and Gavin Power Plants
- Riverfront Property
- Within 18 miles of Nucor Steel of WV
- 4 miles from Holzer Health Systems
Property Facts
| Price | £553,663 | Lot Size | 0.39 AC |
| Price Per Room | £50,333 | Building Size | 2,938 SF |
| Sale Type | Investment | No. Rooms | 11 |
| Sale Conditions | Business Value Included | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1940 |
| Property Subtype | Hotel | Parking Ratio | 3.74/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £553,663 |
| Price Per Room | £50,333 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 2,938 SF |
| No. Rooms | 11 |
| Number of Floors | 1 |
| Year Built | 1940 |
| Parking Ratio | 3.74/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
About 1066 1st Ave , Gallipolis, OH 45631
Here's your chance to own a Riverfront Mini-Motel with an attached residence. Embrace your entrepreneurial spirit & capitalize on the endless opportunities this property offers. Continue the current steady business or invest to become the first Boutique Motel in Gallipolis! This well-established property boasts great online reviews & features 7 guest rooms, consisting of 6 Single Units & 1 Suite. Each Single Unit includes a TV, microwave, mini fridge, desk & sitting area. The recently remodeled Suite offers a private bedroom, bathroom & separate living area with kitchenette. Two more potential units are located on the second floor. Convenient access from First & Second Avenues. Easy 1 mile stroll to Downtown restaurants, shops & historic riverfront park. Utilize the 3 bedroom, 1 bath home as your on-site residence or as an additional rental unit! More opportunity lies in the river front lot just below the Motel. At approximately 0.75 acres, this prime river frontage awaits development! The owner's family has cared for & maintained this property over the last 46 years. Don't miss out on this RARE opportunity to own THE ONLY, Downtown Riverfront Motel! Qualified Investors Only!
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 11 | £49.11 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £38,084 | |
| Land Assessment | £11,953 | Total Assessment | £50,037 |
PROPERTY TAXES
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Iconic Mini-Motel with Riverfront Property | 1066 1st Ave
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