Will Co-Broke
Golf Course for Sale SE of Cleveland OH - 10.8 Yield
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Listing was updated on: 07/17/2022
Price: 2500000.00
location icon Superior Ave, Cleveland, OH 44115, USA
Business for Sale / Land for Sale
135.00 sqft
from March 03, 2021
Description

Location is southeast of Cleveland Ohio.Highlights for Income Producing 18-Hole Golf Course with over 135 Acres of Land and improvements. It is operating year-round and has gone through several improvements.
This 18-Hole year-round Golf Course has attractive landscaping and offers numerous amenities:
It offers a combination of Water, Hills, Wooded Areas and “Happy Grass”.
Has a Bar & Grill open all year;
Has On-Site Pro-Shop; Retailer shop with exclusive brands.
It is Hosting Golf Tournaments; Growing league memberships.
It has optimal facilities maintenance with new equipment.
Has newly resurfaced/maintained Large Parking area.
Utilities: Water, Gas , Electric.
Owner has recently upgrading entire facility including Greens.
Financial Performance: In 2020 the Gross Revenue was about a record $919,000 aided by Covid-19 “stay-home” requirements, closed gyms, a milder winter than 2019, etc. The Seller is working on bringing more golf leagues to sign up (helped partially by the closing of another golf course.)
Operating Staff: Seller is very happy with the employees and requires Buyers’ discretion.
Asking Price: $2.25 million with an estimated CAP Rate of about 11%.

For more information please contact: Elias E. Ladon,
Real Estate Agent, Pro-Classic Real Estate Inc.
Agent’s Address: 3659 Green Road, Suite 100, Cleveland, OH 44122;
Broker’s Address: 14381 Alexander Road, Walton Hills, OH 44146
Email: [email protected] ;
CALL Aget: 216-295-1136 (m/t); 216-803-0107 (f); Broker: 440-221-4109
PLEASE NOTE: Seller will be pleased to entertain visits by interested parties after they sign a Non-Disclosure Agreement and Buyer Profile demonstrating their ability to finance the transaction. Detailed financial information will be prested to interested parties after a mutually accepted Letter of Intent is in place.
CO-BROKERING FEE ALLOWANCE: Selling Broker is Offering 1% (one percent) of the Transaction Consideration to the Buy-Side Broker.

The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.