3537 Liberty AVE Active Save Request In-Person Tour Request Virtual Tour
Vermilion,OH 44089
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