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5214 Old Lake Road

$1,999,900
5214 Old Lake Road, Geneva, OH 44041
5214 Old Lake Road

5214 Old Lake Road

$1,999,900

5214 Old Lake Road, Geneva-on-the-Lake, Ohio 44041 an exceptional investment opportunity in one of Northeast Ohio's most desirable vacation destinations. Situated on four parcels with stunning views of Lake Erie and panoramic views down the famous Geneva-on-the-Lake Strip, this unique property offers a rare combination of long-term rental income and short-term vacation rental potential. The property features 11 total rental units (2 Bed, 1 Bath per unit) spread across three buildings, including a three-story, six-unit condo-style building with Lake Erie views, six ranch-style units, and a charming freestanding cottage. Many of the units have been updated with premium finishes and modern improvements, making them highly attractive to both seasonal visitors and long-term tenants. Currently, four units operate as monthly rentals generating consistent income, while several others are utilized as short-term rentals through Airbnb, VRBO, and direct bookings, creating excellent upside potential for increased revenue. Seven of the twelve units are currently occupied on month-to-month agreements, providing flexibility for an investor's future plans. Guests and tenants enjoy convenient access from both Old Lake Road and Lake Road, along with a prime walkable location just steps from Lake Erie, Township Park, public beach access, and the entertainment district known as "The Strip." Restaurants, bars, shopping, live entertainment, wineries, and countless seasonal attractions are all within walking distance, making this a highly sought-after destination year after year. Whether you're looking to expand your investment portfolio, capitalize on the thriving vacation rental market, or develop a mixed-use income strategy, this Geneva-on-the-Lake property presents a rare opportunity in a location where demand continues to grow. Schedule your private showing today and explore the possibilities this income-producing property has to offer.
Danny Duvall
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 5214 Old Lake Road, Geneva, OH 44041. We are reviewing your request and will be in touch shortly!

Features & Amenities

Exterior

Water Source Public
ROOF Metal
Parking Driveway, Parking Lot
Heat type Forced Air, Gas
Air Conditioning Central Air
Sewer Public Sewer
Substructure Slab

Area & Lot

Status For Sale
LOT SIZE 0.64 Acres
MLS® ID 5215436
Type Commercial
Year Built 1998
School District Geneva Area CSD - 404

Financial

SALES PRICE $1,999,900
REAL ESTATE TAXES $8,613/yr

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