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2901 Lincoln ST E Canton, OH 44707
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Key Details
Sold Price $53,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5018286
Sold Date 06/28/24
HOA Y/N No
Year Built 1951
Annual Tax Amount $1,324
Tax Year 2023
Lot Size 1.580 Acres
Acres 1.58
Property Sub-Type Hotel/Motel
Property Description
Discover the diamond in the rough you've been waiting for! This 16-unit motel located in the heart of Canton, Ohio, is waiting to be transformed into a lucrative investment. Despite recent fire damage and the need for a thorough cleanout, this property offers potential for investors willing to seize the opportunity. Don't miss this great chance to turn a fire-affected property into a flourishing investment. With the right vision and a strategic plan, you can transform this motel into a sought-after lodging destination in Canton. Act now and capitalize on this golden opportunity! Due diligence is advised. Property condition, local regulations, and renovation costs should be thoroughly evaluated before making an offer. This spacious motel has 16 units, offering ample room for guest accommodations. It sits in an accessible location in Canton, ensuring a steady flow of potential visitors. With the property needing brought back to life, it comes at an attractive price point, allowing for significant value addition. Bring your creative vision to life as you reimagine and revitalize this space into a modern and inviting lodging destination. It also has flexible use, such as a boutique motel, extended stay lodging, or short-term rentals, to cater to diverse clientele.
Location
State OH
County Stark
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Canton Lsd - 7603
Others
Tax ID 01313131
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Brendan Lammlein • EXP Realty, LLC.