The Historic OTT Hotel
This is an historic hotel built in 1928 and has served as a brothel, a bed & bath, and hotel. It has 22 rooms that include 13 apartments with kitchenettes, and 9 hotel rooms. In addition there is a one bedroom manager apartment. This hotel has 2 historical markers describing the heritage of he property. This hotel has a dinning room and kitchen that has served guests, and many special events over the years. Each room has a historical plaque describing an event that occurred in there including ghost from the past. Many ghost hunters stay the night hoping to see a ghost sighting which occurs on a frequent basis. Occupancy exceeds 90%.
Listed By: Jeffrey Jones
Moving to the country.
Husband and wife operate the business
lobby furniture, kitchen equipment and room furniture.
The property is located on 15,500 sq. ft. of land
9,013 sq. ft. 2 story building with 22 rooms.
Price and terms
This property qualifies for the SBA loan program with a down payment of about $75,000 down payment and a new SBA loan for $425,000 payable over 18 years at 7% interest = $3,465.88 P/M.