Town Inn

Highlights:

• Annual Tax: $ 4941.81
• Average Floor Size: 2832.0
• Age: Over 50 Years Old
• Lot Size: Under 1/2 Acre

Description:

Coldwell Banker Commercial Schmidt Realty is pleased to announce the offering of Town Inn , located at 1901 Clark Ave, Wellsville, OH 43968 . Situated on 0.1148 acres and zoned C-5 District , this former motel includes an active motel license , allowing for continued hotel operations. The 7-unit, 2,034 SF property—built in 1970 —is currently operating as a fully occupied multifamily asset, generating a stable income stream. The unit mix consists of six studio units averaging approximately 275 SF , rented at $675 , and one 1-bedroom/1-bath unit of approximately 300 SF , rented at $775 . The property presents a compelling value-add opportunity, as the next operator can convert the units back to motel use and operate with an existing average daily rate (ADR) of $110 and a revenue per available room (RevPAR) of $62.49 .
Wellsville benefits from a steady local employment base driven by manufacturing, energy, healthcare, and logistics , with unemployment levels generally in line with or below regional averages. The property is positioned within a convenient trade area serving both local residents and transient travelers , with proximity to State Route 7 , the Ohio River corridor , and regional employers. Nearby attractions include riverfront recreation , outdoor activities, and easy access to neighboring markets in Pennsylvania and West Virginia , supporting consistent demand from short-term visitors and workforce housing needs. This dual-use flexibility makes Town Inn an ideal opportunity for a savvy investor seeking stable cash flow with upside through motel repositioning in a resilient secondary market.

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Listing ID: 913431be-45df-4bb3-8da2-1c5da70be6f3

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