100 N Clubhouse Dr - Sports and Entertainment FOR SALE


Avondale, AZ 85323- Coldwater
$5,495,000 USD
602-385-1542
100 N Clubhouse Dr, Avondale, AZ for Sale
$5,495,000 USD
Sports and Entertainment - FOR SALE
1/12
null | 7.38% Cap Rate

100 N Clubhouse Dr
Avondale, AZ 85323
Coldwater


HIGHLIGHTS

  • Extremely inexpensive water. Coldwater Golf Club has Type I Water Rights for 447.82 acre-feet annually
  • EBITDA was up to $1M+ in last five years. Owner was not on site to oversee property
  • $105 green fees Jan-April

OVERVIEW

Coldwater Golf Club in Avondale just west of Phoenix is an 18-hole championship design by Forrest Richardson that presents a unique topography featuring elevated tees, deep swales and cascading fairways. The setting is framed by mountain views, native grasses, meandering washes and two placid lakes, as the course wanders about the nearby residential community alongside the Aqua Fria river.  Each hole is unique and presents golfers with several strategic options. The fairways are wide with perimeter mounding and slopes that often creating a generous landing area. Golfers will encounter landscaped desert areas, and frequent (though not overly long) carries off the tee. The green complexes are protected by sand bunkers and mounding, with large undulating putting surfaces - some double or triple tiered.  There are 4 sets of tee boxes on each hole, with total distances and slopes playing to 6758 yards/120 slope, 6305 yards/113 slope, 5798 yards/118 slope and 5147 yards with a slope of 111 from the forward tees. As the slopes indicate, this is a user-friendly layout - but with sloping playing surfaces, strategic bunkering (25 in total) plus surrounding desert areas, this course is an interesting experience for all levels of players. Water Hazards also come into play on two holes - including the beautiful par 3 eighth – most players’ favorite hole on the course. The course features 150-yard stakes situated in the center of the fairways and 100, 150 and 200-yard markers are also posted on all par fours and fives. Sprinkler heads are measured to the center of the green and the scorecards provide diagrams of each hole, and yardage guide booklets are available for a fee. On property is a full-service clubhouse with pro shop plus restaurant/lounge (with outdoor patio) that is open for both breakfast and lunch. There are outing capacities for 144 and banquet/wedding facilities for groups of up to 200 guests.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$503 USD /SF

CAP RATE

7.38%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Coldwater Golf Club

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

173.61 AC

LAND SF

7,562,452 SF

ZONING

PAD

APN/PARCEL ID

500-29-010,500-29-019,500-29-024,500-29-027

ASK ABOUT THIS PROPERTY

Jon KnudsonInsight Land & InvestmentsMore Info
602-385-1542

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Jon KnudsonInsight Land & InvestmentsMore Info
602-385-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.