River Run Golf Club: 18 Hole Championship Designed by Gary Player

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  • $1,850,000
  • Active
  • Listing ID : CS1700016
  • Berlin, Worcester, Maryland, United States
  • Bayfront
  • 2
  • Golf Course
  • Bay View, Wooded View
  • Total Lot Size : 150.00 acre (60.70 ha)

River Run Golf Club consists of 18-holes of championship golf, designed by world renowned golf course designer Gary Player. The 6,705 yard course plays to a par of 71. River Run Golf Club serves as the primary recreational amenity for the River Run Golf Club & Community. The Golf Club features a 6,800 square foot clubhouse with a fully stocked pro shop, the 77 seat Players Club at River Run Bar & Restaurant and locker room facilities. The 4,000 square foot cart storage facility can accommodate 85 golf carts. Two maintenance buildings (6,000 square feet and 2,400 square feet) house all of the maintenance equipment. River Run is located in Berlin, MD convenient to Ocean City, a popular vacation destination for residents from the Philadelphia, Baltimore and Washington DC markets.

More about this property

River Run Golf Club consists of 18-holes of championship golf, designed by world renowned golf course designer Gary Player. The 6,705 yard course plays to a par of 71. River Run Golf Club serves as the primary recreational amenity for the River Run Golf Club & Community. The Golf Club features a 6,800 square foot clubhouse with a fully stocked pro shop, the 77 seat Players Club at River Run Bar & Restaurant and locker room facilities. The 4,000 square foot cart storage facility can accommodate 85 golf carts. Two maintenance buildings (6,000 square feet and 2,400 square feet) house all of the maintenance equipment. River Run is located in Berlin, MD convenient to Ocean City, a popular vacation destination for residents from the Philadelphia, Baltimore and Washington DC markets.

Highlights

• 18-Holes of Championship Golf - Gary Player Design

• Significant Upside for New Ownership through Transition to "For Profit" Operation from Real Estate Marketing Amenity

• Four Year Average Revenue: $1.6 Million

• 2016 Rounds: 26,719

• Pro Forma End of Year 1 CAP Rate of 9.7% and 5-Year Leveraged IRR of 29.9%

• Majority of Maintenance Equipment is Owned and Included in the Sale Price

• Other Amenities Include: Clubhouse Featuring Pro Shop, Players Club Restaurant, Locker Rooms, Fitness Room, Maintenance Facility and Cart Storage

• Additional 122 Lots Approved for Development are Also Available for Sale Under Separate Offering

Details
Number of Full Bathrooms 2
Number of Stories 1
Total Interior Area 6,800.00 sq ft (631.74 m²)
Total Lot Size 150.00 acre (60.70 ha)
Construction Status Completed
Year Built 1991
Air Condition No
Heating No
Furnished No
Pool No
Jacuzzi No
Parking No
Geography
Location Berlin, Worcester, Maryland, United States
Country United States
State Maryland
County Worcester
City/Town Berlin
Zip Code 21811
Location Type Bayfront
Geographic Type Coast
View Type Bay View, Wooded View
Infrastructure
Sewer Available No
Financial/Legal
Price per Air-Conditionable Living Area $2,928.41/m2 ($272.06/sqft)
Price per Square Meter $3.05/m2 ($0.28/sqft)
List Price $1,850,000
Ownership Type Legal Corporation

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