Active

$1,850,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 3000 sq ft
Overview
  • ID: MFRL4949447
  • Bedrooms:
  • Bathrooms: 0
  • Size: 3000 sq ft
Property Details
Remarks
Former 18 Hole Golf Course with Restaurant, Golf Shop & Maintenance Facility all on 139+-Acres priced at Only $13,310 per acre for Fast Sale /Offering Tremendous Upside Potential! Open it all back up or explore many alternative potential uses. All Subject to Approvals of course. The restaurant with liquor license is leased. Past income of this business produced was 8% Cap Rate 2021 & 9% Cap Rate 2022. This course is the Only Golf Course in Lake Placid. Allocation of values: Restaurant, $400,000(4+-acres) then 134+-acres @ $10,486 per acre(w/valuable wells,pumps/barn), 3 residential lots($45k) Do Not Disturb restaurant tenant! Sale is confidential and buyer Must sign confidentiality agreement before showings & getting detail package of information!
Financial Considerations
Price:
$1,850,000
HOA Fee:
N/A
Tax Amount:
$4341.12
Price per SqFt:
$616.67
Tax Legal Description:
REV OF RESUB OF PORTION OF SEC 11 PLACID LAKES 8/77 TRACT D -GOLF COURSE- 134 ACRES
Exterior Features
Lot Size:
5840960
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Linoleum
Levels:
N/A
Additional Features
Property Sub Type:
Business
Style:
N/A
Year Built:
1967
Construction Type:
Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    3603 PLACID LAKES BLVD
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