Property profile

4690 Urbana Rd Springfield, OH 45502

OFF-MARKET
Turn key restaurants
Property ID
US66-0210875
3,336 SF 12.04 ac lot Built 1828
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1828
Construction BRICK
Total area 3,336 SF
Lot 12.04 ac (524,462 SF)
Zoning code PD-M
APN 220-03-00033-000-062
UPID US66-0210875

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

4690 Urbana Rd Springfield, OH 45502-9503
Springfield metro Census 2605 SPRINGFIELD, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$512k
Blend (final) Blend
$255k

Owner & transaction history

since 2008
7 recorded transactions
2022
Price N/A
2020
Price N/A
2017
Price N/A
2008
Price N/A
2008
$80,000
2005
$250,000
1969
Price N/A

Zoning & alternative use

PD-M · Springfield, OH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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