Riverside Gables Bed and Breakfast

Property Address: 50 N Rocky River Dr
Berea, Ohio 44017
Contact: Kevin McDonough, Owner
Contact Email: Klmcdonough36@gmail.com
Contact Telephone: (216)952-0084
Contact Toll-free: n/a
Contact Fax: n/a
Property URL: https://riversidegablesbb.com
Date Business Established: 2012
Trade Association Affiliations: Berea Chamber of Commerce, Association of Lodging Professionals
Financials Verified: Yes

Area Description: Fantastic investment opportunity for a lovely bed & breakfast or other business space in the heart of Berea! This delightful, income-generating property has been completely renovated with a keen attention to detail and the perfect mix of original character and modern amenities.

Highlights include updated wood floors throughout, updated windows, a beautifully renovated kitchen, updated ensuite bathrooms for each bedroom, and so much more! The first floor features a formal dining room and a delightful living room that connects to the the owner’s suite. Here you will find a very spacious bedroom with a sitting area and a luxurious full bath. The owner’s suite also connects to the lovely kitchen. Here you will find a full complement of stainless steel appliances, granite countertops, and plenty of cabinet space. Plus, the kitchen connects to the lower level laundry room that leads to the attached 2-car garage. A guest suite on the other side of the home completes the first floor. Upstairs, there are 3 spacious bedroom suites, a common living room with a kitchenette, a bonus room, and a half bathroom.

Multiple points of egress lead to the expansive grounds that includes two patios, a guest parking lot, and a barn that is setup as a game room. Fantastic location just blocks away from restaurants, parks, and Baldwin Wallace University. Don’t miss out on this fantastic opportunity!

Site Description:

• 4 Guest Rooms
• 5 Guest Room Baths
• Has Owner’s Quarters
• Built in 1868
• Last Renovated in 2012
• Opened in 2013
• Building is 3,078 SQFT
• Lot is 0.61 Acres

Structural Description: 2 Story Historic Home includes Barn (2 stories with pool table, Bose surround sound system, large screen TV)

• 2-car integral garage
• 5 car space parking lot
• 3 additional car spaces in front of garage
• Waterfall
• 2 Patios

Offering: $725,000. For Sale by Owner

Occupancy %: n/a
Average Daily Rate: n/a
Income from Room Sales: n/a
Property Taxes: $10,000
Electric: $3,800
Water & Sewer: $1,700
Natural Gas/Propane: $1,700
Insurance: $3,300