This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

5530 Bayshore Rd - Eagle's Landing Golf Course

4,500 SF Sports & Entertainment Building Offered at £1,723,260 at a 13.50% Net Initial Yield in Oregon, OH 43616

Investment Highlights

  • T12 June 2024 Gross Revenue: $916K
  • Consistent Cash Flow – Four Year Average (2021 – T-12): $223,122
  • Revenue and EBITDA Continue Upward trend Through September 2024
  • T12 June 2024 EBITDA: $298K | EBITDA Multiple: 7.38x | Cap Rate: 13.5%
  • T12 Operating Margin: 32.5%
  • Voted “Toledo’s Favorite Course” by readers of the Toledo Blade and “Top 100 Must Play Courses in Ohio” by Ohio Golf Style Magazine

Executive Summary

We are pleased to offer the opportunity to acquire the fee simple interest in Eagle’s Landing Golf Club. The daily fee golf course is situated on the southwestern shore of Lake Erie in the city of Oregon, a suburb of Toledo.
Eagle’s Landing boasts a beautiful 18-hole championship “Links Style” golf course and practice facilities designed by Brian Huntley which opened for play in 1998. The efficient 4,539 SF clubhouse includes a pro shop, bar & grill, and offices with basement storage. The cart storage building and maintenance facility are located across from the clubhouse by the first tee.
The Par 72 golf course features bent grass from tee to green and is maintained in excellent condition. The Championship tees play at 6,866
yards with a course rating of 72.7 and a slope of 130.

Data Room Click Here to Access

Property Facts

Price £1,723,260
Price Per SF £383
Sale Type Investment
Net Initial Yield 13.50%
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class C
Lot Size 175.00 AC
Building Size 4,500 SF
Number of Floors 1
Year Built 1998

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 44-01358
  • 44-01359
  • 44-01357
  • 44-01364
  • 44-01356
Land Assessment
£244,360
Improvements Assessment
£87,702
Total Assessment
£332,062

zoning

Zoning Code NotZoned
NotZoned
  • Listing ID: 30818345

  • Date on Market: 30/01/2024

  • Last Updated:

  • Address: 5530 Bayshore Rd, Oregon, OH 43616

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}