Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $12,589 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 acres (on restaurant site). The restaurant with liquor… Read More 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 @ $4,779 +/- per acre, $325,000; 67 acres with 201 homesites+48 Townhomes at $4,117 per homesite/unit, $1,025,000. Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package Read Less
Courtesy of Advantage Realty #1 863-386-0303
Listing Snapshot
Days Online
68
Last Updated
Property Type
Business
Square Ft.
3,000
Lot Size
134.09 Acres
Year Built
1967
MLS Number
B26007766
Additional Details
Building
Built in 1967, Construction materials: "Concrete", Toal building area: 3000
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