16571 River Rd, Bowling Green, OH 43402
3,000 SF Sports & Entertainment Building Offered at $3,285,000 at a 16.03% Cap Rate in Bowling Green, OH 43402
For Sale
Active
Asking Price $3,285,000
- Property Type
-
Sports & Entertainment
- Square Feet
- 3,000 SF
- Price / Square Foot
- $1,095
Listing Contacts
Steven Ekovich
Terence Vanek
Property Overview
We are pleased to offer the opportunity to acquire Riverby Hills Golf Club (also referred to as “The Club” herein) in Bowling Green, Ohio. Riverby Hills Golf Club is a daily fee facility featuring 18 holes of championship golf and practice facilities. In addition to golf, the main clubhouse features a pro shop, dining area, and locker room, and in a separate building, there is a banquet facility with its own kitchen and bar. The Club also has a cart storage building and maintenance facility.
Riverby Hills Golf Club is ideally located between the cities of Bowling Green and Toledo, situated just along the east side of the Maumee River. The Club is easily accessible via the scenic Route 65 which will get you into downtown Toledo in less than 30 minutes. Riverby Hills is one of the most popular daily fee facilities in the area and is seamlessly positioned for new ownership to take advantage of a turnkey operation.
Riverby Hills Golf Club is ideally located between the cities of Bowling Green and Toledo, situated just along the east side of the Maumee River. The Club is easily accessible via the scenic Route 65 which will get you into downtown Toledo in less than 30 minutes. Riverby Hills is one of the most popular daily fee facilities in the area and is seamlessly positioned for new ownership to take advantage of a turnkey operation.
Property Details
- Class
- C
- Year Built
- 1920
- Stories
- 1
- Property Subtype
- Golf / Driving Range
- Lot Size (sq. ft)
- 7,927,920 SF
Highlights
- Asking Price: $3,285,000 | EBITDA Multiple: 6.24x | Cap Rate: 16.03%
- 9.5% Increase in Rates in 2024 | Avg. YoY Revenue Growth of 5% Over Last Four Years | Over 40% Increase in EBITDA since 2021
- Ideally Located Between Bowling Green and Toledo
- Strong and Consistent Cash Flow – Four Year Average (2021 – T-12): $414,043
- Attractive Demographics within a 10-Miinute Drive of The Club - Avg. Household Income of $137,784 and Median Household Income of $105,801
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