16571 W River Rd - Sports and Entertainment FOR SALE


Bowling Green, OH 43402
$3,285,000 USD
813-269-1144
16571 W River Rd, Bowling Green, OH for Sale
$3,285,000 USD
Sports and Entertainment - FOR SALE
1/6
null | 16% Cap Rate

16571 W River Rd
Bowling Green, OH 43402


HIGHLIGHTS

  • T12 June 2024 Gross Revenue: $1.170M
  • T12 June 2024 EBITDA: $527K | EBITDA Multiple: 6.23x | Cap Rate: 16.0%
  • Consistent Cash Flow – Four Year Average (2021 – T-12): $414,043
  • Impressive Demographics: 10-Min. Drive Avg. HH Income: $137,784
  • T12 Operating Margin: 45.0%
  • Revenue and EBITDA Continued Upward trend Through September 2024

OVERVIEW

We are pleased to offer the opportunity to acquire the fee simple interest in Riverby Hills Golf Club located in Bowling Green, Ohio. This daily fee club features an 18-hole championship-caliber golf course and practice facility in a classic “Parkland” setting. The efficient 3,200 SF clubhouse features a pro shop, bar & grill, locker rooms, offices, and a covered patio. A separate 3,000 SF events building features banquet space with a full-service kitchen and bar. Other structures include a cart storage building and maintenance facilities. The Par 72 golf course features a mix of bent / poa annua grass from tee to green and is maintained in excellent condition. The Championship tees play at 6,853 yards with a course rating of 72.4 and a slope of 130.

FOR SALE DETAILS

PRICE

$3,285,000 USD

PRICE/SF

$1,095 USD /SF

CAP RATE

16%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverby Hills Golf Course

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

132

LAND DETAILS

LAND ACRES

182 AC

LAND SF

7,927,920 SF

ZONING

-

APN/PARCEL ID

J34-100-442000012500

ASK ABOUT THIS PROPERTY

Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

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Steven EkovichLeisure Investment Properties GroupMore Info
813-269-1144

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.