Property summary
This exceptional investment opportunity presents the Simon Kenton Inn, a historically significant property spanning 12 acres in Springfield, Ohio. Built in 1828 and meticulously renovated between 2005 and 2017, this unique property boasts 16,000 square feet across eight buildings, including the historic inn, three luxury treehouses, a caretaker's cottage, and the impressive 6,500-square-foot Kenton Hall, the largest banquet facility within a 30+ mile radius. The inn features a working historic kitchen, a separate commercial kitchen, a public restaurant and pub, two outdoor patios, multiple interior dining rooms, and five private B&B-style rooms. The property also includes a barn with four ADA-accessible rooms and an owner's residence (convertible to guest use). The Springhouse, dating back to 1828, adds to the historical charm. The inn operates as three distinct but synergistic businesses: a public restaurant and pub, a lodging resort, and a special events venue, attracting approximately 25,000 guests annually. With a strong track record and bookings extending into the future, this is a turn-key operation with significant expansion potential. The property offers a 9.44% cap rate, a $235,884 NOI, and is listed at $2,500,000 ($156.25/sq ft). Owner financing is available. This is a rare chance to acquire a profitable, historically significant property with substantial growth opportunities. The property includes 15 units and 15 beds.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
PD-M · Springfield, OHZoning
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Zoning designation
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