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Exceptional Village Property – Bar, Restaurant, Motel & Multiple Residential Units
Thursday, September 24, 2026 - 3:00 PM - Real Estate Sells at: 3:00 PM
All sells on location. Live Onsite With Online Bidding Available.
5196 Lake Rd. E, Geneva, OH 44041
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Geneva On The Lake
“Anchor Motel & Cottages” & “Triangle Lounge”
52+ Units, 2.44 Acres, Restaurant/Bar, 2 Homes
Zoned RD Resort District, Public Utilities
Court Ordered Auction
Live Onsite With Online Bidding Available
Directions: Located just on the East side of Historical Geneva On The Lake, Ohio
Note: There will be online bidding for this auction. We are currently finishing the catalog. Please check back soon for online registration and bidding information.
Real Estate: Don’t miss this unique opportunity to purchase one of the largest and most diverse properties in the Village! Situated on 2.4461 acres and encompassing 23 Ashtabula County parcels, this one-of-a-kind property offers a tremendous opportunity for an investor, entrepreneur, hospitality operator, or developer. All parcels sell together as one unit. Located at the corner is the 1,500+ square-foot Triangle Lounge Bar & Restaurant, featuring indoor dining and bar space, outside seating, and a rear outdoor patio. 2025 half-year real estate taxes, $9,013
The balance of the property includes:
• 40 single-bedroom motel units
• 12 two-bedroom cottage units
• Two-bedroom mobile home
• Three-bedroom bungalow home
• Four-bedroom bungalow home
• Several garages and outbuildings
• All public utilities
With multiple buildings, residential units, hospitality space, and additional outbuildings all situated on one property, this is a rare opportunity with tremendous potential for redevelopment, continued operation, or an investor looking to capitalize on the property's many income-producing possibilities.
Auctioneers Note: Walk the property at your convenience. All buildings will be open for inspection on auction day only beginning at 1:30 PM. The bar and buildings have been vacant since October 2025. Property is being sold AS-IS, WHERE-IS, with no warranties or guarantees.
Court-Ordered Auction: This property must sell for a minimum of two-thirds of the appraised value. The court-ordered appraised value is $841,500, establishing a minimum required sale price of $561,000. Bid accordingly, this is a unique opportunity to purchase a substantial Village property at public auction.
Real Estate Terms
10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed.Auction By Order Of
Court Of Common Pleas Of Ashtabula CountyAuction Team
