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Property profile & analytics
OFF-MARKET
Specialty properties

22975 Hwy 368 Hwy Vassar, KS 66543

195 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Specialty properties
Lot 195 ac (8,494,200 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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