3815 State Route 5 - Sports and Entertainment FOR SALE


Newton Falls, OH 44444
$425,000 USD
501-269-3827
3815 State Route 5, Newton Falls, OH for Sale
$425,000 USD
Sports and Entertainment - FOR SALE
1/21
null | Request Cap Rate

3815 State Route 5
Newton Falls, OH 44444


HIGHLIGHTS

  • This turnkey business provides an income-producing driving range and a golf course that needs a makeover, providing significant value-add upside.
  • Situated just off Highway 5, with immediate access from Interstate 80, the property benefits from easy accessibility and strong daily traffic.
  • Property is placed near existing popular golf destinations, including the Riverview, Duck Creek, and Olde Dutch Mill golf courses.
  • Downtown Newton Falls is less than 10 minutes away, providing convenient access to quality shopping and dining amenities.

OVERVIEW

This versatile investment opportunity includes a driving range and short hole golf course with a fantastic location just off Highway 5 in Newton Falls, Ohio, at 3815 State Route 5. Offering passive income from the driving range, this offer provides existing revenue with additional growth potential. The golf course needs a makeover, allowing a new owner to reinvent the property and create a new recreation destination serving Trumbull County. 3815 State Route 5 spans a total of 31.7 acres with approximately 3,712 square feet of existing improvements that include a welcome center/point of sale and a 600-square-foot apartment with new HVAC. The property includes existing golf equipment valued at $50,000, allowing a new owner to seamlessly continue operations at the property. A fantastic location places 3815 State Route 5 within five minutes of Interstate 80, a vital artery which connects Cleveland to New York City. The area is a golf-lover’s paradise, sitting near the Riverview, Duck Creek, and Olde Dutch Mill golf courses. These existing hotspots lend strength to operations at the subject property, drawing robust traffic to the area seeking quality golf experiences. Additionally, downtown Newton Falls is reachable in less than 10 minutes, providing convenient access to quality retail amenities.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Driving Range + Golf Course

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

31.7 AC

LAND SF

1,380,852 SF

ZONING

-

APN/PARCEL ID

54-131120

ASK ABOUT THIS PROPERTY

Don ThomasPlatz Realty GroupMore Info
501-269-3827

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Don ThomasPlatz Realty GroupMore Info
501-269-3827

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