Baymont by Wyndham Zanesville OH

230 Scenic Crest Dr Zanesville, OH 43701

230 Scenic Crest Dr, Zanesville, OH, 43701
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FOR SALE
Property Type:
Motel
Amount:
$3,990,000
Last Verified:
Dec 03, 2024

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Highlights

  • 27,583 SF building
  • Built in 1996
  • Zoned C2
  • Prime location in Zanesville
  • Ideal for limited service hotel
  • Spacious interior layout
  • Well-maintained property
  • Ample parking space
  • Potential for renovations or expansion
  • Strong investment opportunity
  • Established commercial area
  • High visibility and accessibility
  • Proximity to major transportation routes
  • Favorable market conditions

Description

Offering a substantial 27,583 SF building, this well-maintained property, built in 1996, provides an excellent platform for various hospitality ventures. Zoned C2, it offers flexibility for a range of hospitality and limited service options. With its strategic location in the thriving Zanesville area, the property enjoys high visibility and accessibility. Its impressive features, spacious layout, and strategic positioning make it a prime investment for those seeking an entry into the dynamic and lucrative hospitality market in Zanesville.

Conveniently located in the heart of Zanesville, OH, the area surrounding the property at 230 Scenic Crest Dr offers a wealth of attractions and amenities ideal for prospective Hospitality / Limited Service investors. Just a short distance from the property, guests can enjoy the historic charm of the Y Bridge, offering stunning views of the Muskingum and Licking Rivers. Nearby, the iconic Tom's Ice Cream Bowl and the enchanting Lorena Sternwheeler provide unique local experiences for visitors. With its close proximity to dining, entertainment, and local landmarks, this prime location presents an enticing opportunity for investors looking to capitalize on the dynamic hospitality market in Zanesville.


Year Built: 1996
Building Size: 27583sq ft
Lot Size: 1.99 acres


Documents

Baymont Zanesville OH - Offering Memorandum

Map of 230 Scenic Crest Dr, Zanesville, OH, 43701

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.