6405 Glenn Highway, Cambridge, OH 43725

$700,000

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List Price
$700,000
Status
ACTIVE
Days on Market
49
MLS#
5218611
Subtype
Commercial Sale
Acres
2.32
Subdivision
Jm Browns West Pike Add
Neighborhood
Jm Browns West Pike Add
MLS Area Major
Cambridge

Property Description

Welcome to an exceptional investment opportunity nestled in Cambridge, Ohio. This property features a 6390 SQ FT, 2.3 Acre, 19-unit motel and a 2-bedroom apartment. Situated close to Interstate 70 and the Interstate 70-77 Interchange boasts the ease of convenience. In addition to the thriving motel business that has singles, doubles, and King bed suites, this property includes a cozy 2-bedroom apartment, perfect for generating additional rental income or providing accommodation for an on-site manager, enhancing the property's management efficiency. Expanding the income potential even further is a vacant lot that is situated beside the property offering endless possibilities for expansion or development. Also included is a 5-lot trailer park behind the motel that is fully equipped with public utilities. This property features 26 on-site parking spots, public utilities, coin laundry and excellent frontage to the highly trafficked RT 40 which offers additional upside potential. Recent updates in 2024 include a new roof, new exterior painting and new gutters. If you have considered being your own boss, then schedule your showing today to see if this is the business for you.

Additional Information

Taxes
$5,600
Heating
Electric
Air Conditioning
Wall Unit(s)
Stories
2
Levels
Two
Roof
Metal
Parking Features
Additional Parking, Asphalt, On Site, Paved
School District
Cambridge CSD - 3001

Listing Courtesy of: Heather D Byard, Heatherdbyard@gmail.com With RE/MAX Real Estate Partners

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