Kentucky Golf Courses and Service Businesses For Sale

Golf Courses and ServicesKentucky

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18 Hole Golf Course
$995,000Cash Flow: $100,000Seller Financing
18 Hole Golf Course

KY

5000sf home available with 6 acres for an additional $499,000 In 2004, this course appraised for $1,100,000.00 not including lots or equipment. Being the only course around and with a 583,000 population in a 50-mile radius, this property has been running successfully for years. The owners built 9-holes in 1984 and soon added 9 more. In 2000, the whole course was updated. Lots to sale: At least 28 lots remain available for sale around the course. All previous sales were sold under restrictions in place to maintain expected aesthetics of an upscale golf course. They have city water and gas (no city sewer, septic only – per 3/4 acre). Note from Seller: Since the appraisal was completed, equity has been added. The appraisal did not include any equipment for maintenance of the course. We’ve added $100,000 in golf carts and $100,000 in paved cart paths. Finally, the appraisal did not include additional land that is being sectioned off and sold as house lots. Currently, several lots have sold at the price of $25,000 each. With approximately 30 lots left available for purchase, there is $750,000 of additional value in these lots alone. As you can see, there is $1,000,000 of added equity that was not included. Strong potential for increasing revenue! Increase prices (now $24 for 18 and a cart)!! With land being available for development, this course presents a unique opportunity for a buyer looking for a property that has positive cash flow along with the chance to build new revenue generating facilities. Consider Condo Development!!! Call or Email Brad Spear today! Phone: 615-290-3730 Email: Brad@Prime100bb.com


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