Property profile

8320 Painter Run Rd Newark, OH 43055

OFF-MARKET
Mixed-use properties
Property ID
US66-2070889
11,351 SF 42.71 ac lot Built 2019
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Property summary

AI-generated overview

This exceptional 42.71-acre property in Newark, Ohio, presents a unique investment opportunity: a fully operational wedding venue and Airbnb nestled in the picturesque rolling hills of Licking County. The 11,351 square foot main building and outbuildings comprise a stunning estate, perfect for hosting unforgettable events. The property features four barns, providing ample space for receptions, ceremonies, and other event needs. Three spring-fed ponds, a charming spring house, and a meandering creek add to the idyllic setting. Extensive hiking trails wind through the acreage, offering guests and owners alike the opportunity to enjoy the natural beauty. Beyond the wedding venue and Airbnb, the property also boasts excellent hunting opportunities, making it a haven for nature enthusiasts. All income generated from the property has been reinvested in ongoing improvements, ensuring a high-quality and well-maintained operation. This turnkey business offers a blend of income generation and a tranquil lifestyle, representing a rare opportunity to own and operate a thriving enterprise in a breathtaking location. The asking price is $1,449,000. This is a truly exceptional property with significant potential for continued growth and success.

Property profile

Verified
Property type Mixed-use properties
Year built 2019
Total area 11,351 SF
Lot 42.71 ac (1,860,448 SF)
UPID US66-2070889

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Food Processing Plant

Location

8320 Painter Run Rd Newark, OH 43055
Newark metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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