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    8320 Painter Run Rd Newark, OH 43055

    Sponsored
    For Sale
    $1,449,000

    42 Acres, Stunning Country Estate

    Property size:
    11,351 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 8320 Painter Run Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,351 SF
    Lot Size
    1,860,448 SF

    Building Details

    Year Built
    2019
    Property Profile Location Intelligence

    Current Use by Public Records

    Spring Valley Ranch, ... Farm

    Suggested Use

    Hotel & Motel Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.27549
    Latitude
    40.17519

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    FAQs

    What type of property is this?
    Mixed-use property - 42 Acres, Stunning Country Estate
    Where is this mixed-use property located?
    The property is located at 8320 Painter Run Rd Newark, OH.
    What is the asking price?
    The asking price for this property is $1,449,000.
    (330) 852-4111
    Request Owner's contact information
    8320 Painter Run Rd Newark, OH 43055
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    Newark, OH 43055
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8320 Painter Run Rd Newark, OH 43055
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