5073 M-123 - Sports and Entertainment FOR SALE


Newberry, MI 49868
$1,600,000 USD
612-385-5546
5073 M-123, Newberry, MI for Sale
$1,600,000 USD
Sports and Entertainment - FOR SALE
1/9
null | 11.5% Cap Rate

5073 M-123
Newberry, MI 49868


HIGHLIGHTS

  • Premier 18-hole golf course on 140 acres of land in the stunning natural beauty of the Upper Peninsula of Michigan
  • Included in the sale: 18-hole golf course, maintenance buildings and equipment, cart garages, and newly constructed clubhouse
  • Numerous improvements have been made over the past 10 years with many growth and development opportunities in place for the next owner
  • Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home that can be used as an owner's residence

OVERVIEW

SVN | Northco is pleased to present Newberry Country Club ("Property"), an Upper Peninsula golf course located in beautiful Newberry, Michigan. The incredible 18-hole public golf course is situated on 140 pristine acres and features numerous improvements over the past 10 years including a new clubhouse with a restaurant, redesigned bunkers, lengthened holes, and new tee boxes. The property is noted as one of the premier courses in the area with scenery unlike any other and consists of a breathtaking 18-hole course, clubhouse, restaurant, sports bar, and pro shop. Newberry Country Club is filled with unique variety suitable for all levels of golfers. Newberry is located just 45 minutes north of the Mackinac Bridge that connects the lower and upper peninsulas of Michigan. Additionally available, not included in the sale price, are 60 acres of development land and a 3-bedroom home.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

11.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newberry Country Club

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

140 AC

LAND SF

6,098,400 SF

ZONING

-

APN/PARCEL ID

004-003-011-3700

ASK ABOUT THIS PROPERTY

Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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Frank JermusekSVN | Northco Real EstateMore Info
612-385-5546

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