Turnkey 11-Key Motel Investment Opportunity in $995,000

Lake Lot For Sale near Lake Erie - Ashtabula County

Turnkey 11-Key Motel Investment Opportunity in Geneva-on-the-Lake, Ohio's First Summer Resort. Discover a rare chance to own a well-established, income-producing hospitality property in the heart of Geneva-on-the-Lake, a popular tourist destination with over 30 years of guest loyalty and untapped growth potential. This turnkey 11-unit motel features spacious 2-bedroom suites, each with queen beds, a full bathroom, a kitchenette, and a cozy sitting area. Three units have been fully remodeled, offering a modernized guest experience. Currently operating seasonally from Memorial Day to mid-September, the business thrives without advertising, showcasing strong repeat business. The property presents significant upside with potential for year-round operation and online marketing exposure. Included is a private second-floor owner's residence with approximately 2,000 sq ft, 3 bedrooms, 1.5 baths, formal living and dining rooms, and a large eat-in kitchen. The residence has not been rented, offering an opportunity for additional rental income or on-site management. Enjoy guest-attracting amenities including a recently upgraded in-ground pool (2023 improvements totaling $90K: new concrete, aprons, heater and plumbing), a landscaped outdoor pavilion for picnics and events, and ample green space. Sale includes all furnishings: linens, beds, TVs, heating/cooling units, kitchen appliances, and patio furniture: everything needed to continue operations from day one. Located just a short commute from the Lake Erie shoreline, Geneva State Park and Marina, wineries, the Historic Ashtabula Harbor, restaurants, and attractions, this property is ideal for investors seeking a stable, cash-flowing motel business with growth potential in a high-demand resort town