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    22975 Hwy 368 Hwy Vassar, KS 66543

    For Sale
    $3,000,000

    Kansas Hospitality Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 195-acre property in Vassar, Kansas, presents a unique investment opportunity encompassing a diverse range of established businesses. The property includes a newly remodeled 10-unit motel, a restaurant operating seven days a week with a full menu and catering capabilities, and year-round accommodations for approximately 60 mobile homes and RVs. The centerpiece is a well-established 9-hole golf course, boasting paved cart paths, elevated greens and tees, a driving range, and significant potential for expansion to an 18-hole course on the existing acreage. Located conveniently near the entrance to Pomona State Park, this resort has been a successful operation for over 50 years. The property offers multiple revenue streams, catering to diverse clientele, and presents significant upside potential for expansion and further development. The restaurant's lower level provides a versatile space ideal for hosting special events, such as weddings, birthdays, and corporate gatherings. The property features handicap-accessible entrances on both the main and lower levels. This turnkey operation offers a rare chance to acquire a well-established and profitable hospitality business with substantial growth potential in a desirable location. The asking price is $3,000,000. The property is located at 22975 S HWY 368 Highway, Vassar, KS 66543.

    Property Features for 22975 Hwy 368 Hwy

    General Information

    Property type
    Restaurants
    Lot Size
    8,494,200 SF

    HighLights

    • 195‑acre property in Vassar, KS, with multiple established businesses.
    • Includes a newly remodeled 10‑unit motel.
    • Features a full‑service restaurant with catering, open seven days a week.
    • Offers year‑round accommodations for approximately 60 mobile homes and RVs.
    • Boasts a well‑established 9‑hole golf course with paved cart paths, driving range, and 18‑hole expansion potential.
    • Conveniently located near Pomona State Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Vassar
    County
    Osage
    State
    Kansas
    Longitude
    -95.606197
    Latitude
    38.648933

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    FAQs

    What type of property is this?
    Restaurant - Kansas Hospitality Investment Opportunity
    Where is this restaurant located?
    The property is located at 22975 Hwy 368 Hwy Vassar, KS.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 195-acre property in Vassar, KS, with multiple established businesses.; Includes a newly remodeled 10-unit motel.; Features a full-service restaurant with catering, open seven days a week.
    Request Owner's contact information
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    Vassar, KS 66543
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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

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    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
    22975 Hwy 368 Hwy Vassar, KS 66543
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