For Sale
$2,500,000

4690 Urbana RdSpringfield, OH 45502

Profitable turnkey business, 15 units, 12 acres.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $2,500,000 asking price for this profitable, turn-key business.
  • 16,000 square feet on a 12-acre lot in Springfield, Ohio.
  • 9.44% cap rate with a $235,884 NOI.
  • Includes eight buildings, totaling 15 units with 15 beds, built in 1828 with renovations between 2005 and 2017.
  • Features the largest banquet facility (6,500 sq ft, 350 capacity) within a 30-mile radius.

Property Details for 4690 Urbana Rd

Property type
Specialty properties, Retail properties
Square Feet
16,000 SF
Class
A
Year Built/Renovated
1828/2005
Buildings
8
Stories
2
Lot Size (sq. ft)
522,720 SF
Units
15

Location Insight

City
Springfield
County
Clark
State
Ohio
Latitude
39.9920908
Longitude
-83.8023589
4690 Urbana Rd, Springfield, Ohio

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4690 Urbana Rd
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