Wedding Venue in Hilliard

[Nick Uhas]

Hey BP Columbus! 

I have 4 commercial buildings down on campus (OSU) and a single-family house out in Hilliard on 11.8 acres (half grass half wooded area). For about 3 years now I haven't figured out the best path forward except just to rent it out like a normal house. However, I've now got an idea of making this an STR while using the property as a wedding venue. I've seen the numbers on wedding venue rates and this looks much more attractive than just monthly rent. The idea would be to build HGTV-style big barn and turn the grassy areas into an apple orchard (low maintenance and possible ag tax credit down the line). I think this could be a better use for a large property with just one single-family house on it. Please let me know your investor thoughts!