Middle Bass Inn

Middle Bass, Ohio
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Property Type
Bed & Breakfast / Inn
Guest Rooms
6
Baths
4
Restaurant
No
Owners Quarters
No
Asking Price
$735,000

Occupancy Rate
75%
Average Daily Rate
$450
Gross Revenue
$35,000
Gross Revenue Multiplier
21

Property Overview

Owner may help to finance some of the Inn. Is usually open April through November. Usually just rent in the summer months, owner's decision. All brick Italianta style home. Owner is a licensed Realtor in Ohio .


Property Description

200' of Lake Erie frontage, 419c Light commercial zoned. Put in Bay is our sister island. 6 zone water irrigation system, home constructed approximately 1870 of true 2 x 12 hardwood timbers, 110' wrap-around porch overlooks 5 islands, grape vineyard and arbor on side is perfect to have weddings on. New addition added in 1983 with the home at that time having new mechanicals, partially furnished and turnkey. Located on dead end road, 30' x 40' barn or garage, 2 staircases, one of black walnut and curved, best sunsets north of Key West, flag pole fly's over the great Lake Erie, 12 wide boat ramp.


Business Description

We have not fully utilized the potential of the home. It could be a showcase for weddings and events. On the Island is a 350-slip marina, large town hall where most weddings are. We have in recent years used as a whole home rental at $2,500 for two days on weekend and $3,500 for a week. Stone walls in lower level may be able to be opened up and used for a wine taste. Not sure on that. Lots of untapped potential.


Reason for Selling

Downsizing.


Terms & Asking Price

Cash at closing of course would be nice, however if need be we could carry some financing.