$1,850,000 • living size area 3000 sqft

Owner financing 1/2 down 7% int/2yr bal. 18 hole golf course with restaurant, golf shop & maintenance facility with equipment all on 139+-acres priced at only $13,309 per acre for fast sale /offering tremendous upside potential to develop 1/2 of the course into 201+-homesites plus 48 unit townhomes on 4 acre (on restaurant site) while retaining the balance of the course as 9 hole golf course, add pickle ball courts & add a spa on the extra commercial lot for even more potential profit! 60 golf carts & equipment are included in sale & the restaurant with liquor license is leased. past income of this business produced 8% cap rate 2021 & 9% cap rate 2022. this course is the only golf course in lake placid. allocation of values / proforma metrics: restaurant, $400,000; 9-hole golf course @ $4,105 +/- per acre, $275,000; 67 acres with 201 homesites+48 townhomes at $4,117 per homesite/unit, $1,025,000; golf cart and equipment, $150.000. do not disturb restaurant tenant! sale is confidential and buyer must sign confidentiality agreement before showings & getting detail package of information!

Business - PLACID LAKES SEC 11 REP for Sale

Basics

Features

Description