487 W Gate Rd - Sports and Entertainment FOR SALE


Limestone, ME 04750
$1,100,000 USD
508-726-3492
487 W Gate Rd, Limestone, ME for Sale
$1,100,000 USD
Sports and Entertainment - FOR SALE
1/15
null | Request Cap Rate

NEW


487 W Gate Rd
Limestone, ME 04750


HIGHLIGHTS

  • Over 115 Acres of Scenic, Versatile Land - 9 Hole Golf Course
  • Multi-Purpose Recreational, Dining, And Community Hub
  • Open 12 Months A Year- Golf in Summer, Snowmobiling, ATV Access, and Cross-Country Skiing in the Winter
  • Multiple Income Streams

OVERVIEW

A Rare Opportunity in Northern Maine: Welcome to Lime Rock Golf Club, formerly known as Limestone Country Club – a 9-hole golf course spanning over 115 acres of scenic, versatile land with a rich history and boundless potential. This property is more than just a golf course; it’s a multi-purpose recreational, dining, and community hub with diversified revenue streams, established operations, and room for expansion. Why choose Lime Rock Golf Club? Prime Location with Growth Potential Situated on the historic Loring Air Force Base, originally built in the late 1940s to serve 10,000 military personnel and their families. Strategically located near DFAS, a new potato chip factory under construction, Spud Speedway, the Loring Commerce Center, and upcoming aerospace developments. A growing region with projected population increase and expanding tourism. A Course for All Levels 9 uniquely designed holes with a full driving range. Back Tees: 3,355 yards, slope 114 – one of the longest courses in Maine. Fairways lined with Evergreens, Tamaracks, and Hardwoods. Challenging sand bunkers and water hazards balanced with playability for all skill levels. Year-Round, Multi-Use Destination Open 12 months a year – golf in the summer, snowmobiling, ATV access, and cross-country skiing in the winter. Full-service bar and grill with seating for 45-75 inside and deck eating with scenic views. Event hosting: Weddings, live music, private gatherings, and community functions. A laid back atmosphere enjoyed by golfers, families, and social visitors alike. Multiple Income Streams Green fees, cart rentals (9 carts included), memberships, and driving range revenue, club rentals Pro shop with brand-name equipment and apparel Restaurant and bar sales Cart storage fees and winter recreational traffic (snowmobiles, ATVs, cross-country skiing) Arcade games for children to enjoy Sponsorships and event revenues Future opportunities: cabin rentals, expanded events, additional non-golf activities. Property and Facilities Clubhouse with bar, event room, TV’s, and updated kitchen. New Propane Stovetop/oven (2024) Brand new walk in freezer (not installed yet) Multiple coolers, fridges, and well-maintained equipment Pantry room Recently installed furnace (2024) Big shop housing turf equipment (all owned and maintained) 5-6 car storage units (hold up to 4 carts each) Additional tool sheds and outbuildings Large parking lot for events and tournaments Employees already in place: greenskeepers, clubhouse staff Liquor license and inspections are all up to date Lifestyle and Community Nestled in Maine’s natural beauty, with access to nearby attractions: Trafton Lake and Campground, Aroostook National Wildlife Refuge, Loring Air Museum, and local dining/entertainment Year-round events at Spud Speedway (DustBowl, MudBowl, tractor pulls, racing). Provides both a recreational amenity and a community gathering place with happy hours, day drinking, and night-out options. Why Invest? Established, turnkey operation with employees, license, and equipment included Diversified revenue makes the property resilient year-round Significant upside potential: expand cabins, weddings/events, outdoor recreation. Perfect for: Golf enthusiast wanting to own and operate a course. Entrepreneurs seeking a hospitality or event-based business. Developers exploring alternative uses of prime acreage Investors looking for a community anchor property with cash-flow potential The Bottom Line Lime Rock Golf Club is a rare blend of history, recreation, hospitality, and future development potential. Whether you continue operating as a golf course, expand into a multi-purpose resort, or explore redevelopment, the opportunity is wide open. Square footage includes restaurant and maintenance shops. Additional Cart Storage is leased, providing 4,500 more square feet of leased space. Cart storage is 12 bays-holding 4 carts each. All equipment, fixtures, branding, and operations are included in the sale.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lime Rock Golf Club

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

113 AC

LAND SF

4,922,280 SF

ZONING

-

APN/PARCEL ID

021-003-1

ASK ABOUT THIS PROPERTY

Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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

Kyle SeybothCentury 21 The Seyboth TeamMore Info
508-726-3492

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