5200 SW Rood Bridge Rd - Sports and Entertainment FOR SALE


Hillsboro, OR 97123- Outlying Aloha
$6,499,000 USD
503-724-3540
5200 SW Rood Bridge Rd, Hillsboro, OR for Sale
$6,499,000 USD
Sports and Entertainment - FOR SALE
1/15
null | Request Cap Rate

5200 SW Rood Bridge Rd
Hillsboro, OR 97123
Outlying Aloha


HIGHLIGHTS

  • Meriweather National Golf Club is a turnkey establishment with positive cash flow.
  • Surrounded by excellent local demographics and approximately 30 minutes west of Downtown Portland, Oregon.
  • Opportunity to grow rounds, raise fees, and recharge food and beverage operations.
  • Additional revenue is feasible via weddings, banquets, special events, etc.

OVERVIEW

Meriwether National Golf Club (“Meriwether”) is a public golf course located along the banks of the Tualatin River, approximately 30 minutes west of downtown Portland, Oregon. Meriwether was initially developed in the early 1960s for major tournament play and currently includes an 18-hole regulation course, 9-hole executive course, driving range, pro shop, clubhouse, restaurant, and supporting maintenance facilities. The primary structures were built in the mid-1990’s. The original developer remains the owner/operator who has been in place for over 60 years. Meriwether is adjacent to the Cities of Hillsboro and Beaverton, representing three of the five largest cities in Oregon with combined populations exceeding 200,000. Meriwether is also located less than 10 miles from the Nike World Headquarters and Intel Ronler Acres, the primary campuses for two of Oregon's four most significant employers. Limited competing golf courses in the area and a shrinking inventory due to land development pressures create a favorable competitive environment. Meriwether has experienced strong revenue growth and profitability over the past several years. Gross revenue for 2023 exceeded $2.16 million, and YTD September 2024's gross revenue is up 11% from last year. This revenue excludes banquets, weddings, and other events that have not been restarted since Covid 19. With an appealing 27-hole course layout, grand pro shop/clubhouse building, and proximity to a large and favorable population base, Meriwether is well-established and well-positioned to transition to the next level of golf course operations and event destination for the coming decades.

FOR SALE DETAILS

PRICE

$6,499,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

314.78 AC

LAND SF

13,711,817 SF

ZONING

EFU

APN/PARCEL ID

R0381447,R0381465,R0381474,R0381483,R0381492,R0381526,R0381535,R0382366,R0382375,R0383445

ASK ABOUT THIS PROPERTY

David HillKidder MathewsMore Info
503-724-3540

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David HillKidder MathewsMore Info
503-724-3540

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