22975 Hwy 368 Hwy Vassar, KS 66543
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.