55988 Seneca Lk Rd Quaker City, OH 43773-9655
Prime 96-acre commercially zoned property in Quaker City, Ohio, presents exceptional investment potential. The property boasts a 5,500 sq ft lodge with 13 bedrooms and 13 bathrooms, plus a 1,375 sq ft basement, ideal for an Airbnb, hotel, or resort near Seneca Lake. A 1,376 sq ft venue/bar/restaurant area, complete with a 1,750 sq ft attached pole barn and a 731 sq ft patio, offers versatile event space. The property's former use as a golf course suggests potential redevelopment, with additional acreage available. Significant road frontage on Seneca Lake Road (1,380 ft) and Palestine Ridge Road (800 ft) allows for potential subdivision and residential zoning. Proximity to Seneca Lake (1.8 miles) enhances its appeal as a vacation destination. The land features open fields, wooded areas, and ten well-maintained ponds. Rezoning possibilities exist to potentially lower taxes. Note that all mineral rights are not included in the sale. This property offers multiple income streams and significant upside for the discerning investor. Asking price: $899,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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