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Property profile & analytics
OFF-MARKET
Mixed-use properties

8320 Painter Run Rd Newark, OH 43055

10,000 SF 42.71 ac lot Built 1890
Property ID
US66-2070889
Property summary
AI-generated overview

This exceptional 10,000 sq ft mixed-use property in Newark, OH, presents a unique investment opportunity. Situated on 42.71 acres of picturesque land, it includes a fully operational wedding venue and Airbnb, ready for immediate income generation. The property boasts four barns, three spring-fed ponds with a spring house and creek, and extensive hiking trails, creating a tranquil and idyllic setting. The main barn, designed for bridal parties, features a new septic system, concrete floors, a patio, and two full and two half bathrooms, along with a fully equipped kitchen and new appliances. Another barn offers added amenities such as concrete floors, bathrooms, insulation, chandeliers, a walk-in bar, and a patio. A spacious crushed concrete parking lot, a garage with a patio, and four fenced cattle pastures with a mini barn and grain bin are also included. An 1800s farmhouse, enhanced with a new septic system, windows, and a room addition, offers further expansion potential. The property's existing infrastructure, including a pond fountain and string light terrace, contributes to its charm and functionality. All existing bookings for the wedding venue are included in the sale, ensuring a seamless transition for the new owner. This turnkey operation offers a blend of business and lifestyle, combining the potential for significant revenue with the serenity of country living. The property's natural beauty and well-established infrastructure make it an ideal investment for an entrepreneur seeking a profitable and picturesque venture.

Property profile
Verified
Property type Mixed-use properties
Year built 1890
Total area 10,000 SF
Lot 42.71 ac (1,860,448 SF)
UPID US66-2070889
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
Current use
Occupant on record · Public records
  • Spring Valley Ranch, LLC Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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