5471 Telephone Rd - Sports and Entertainment FOR SALE


Cincinnatus, NY 13040
$1,900,000 USD
315-491-7297
5471 Telephone Rd, Cincinnatus, NY for Sale
$1,900,000 USD
Sports and Entertainment - FOR SALE
1/47
null | Request Cap Rate

5471 Telephone Rd
Cincinnatus, NY 13040


OVERVIEW

Knickerbocker Country Club presents a rare opportunity to acquire an established and continually improving golf, hospitality, and entertainment destination in Central New York, conveniently located near Cortland, NY with accessibility to the Syracuse, Ithaca, Binghamton, and Southern Tier markets. The offering includes an established 18-hole public golf course, substantially renovated clubhouse, restaurant and bar operations, event and banquet capabilities, updated cart fleet, cart storage facilities, maintenance and equipment barn infrastructure, associated FF&E, and the additional residential property located at 5415 Telephone Road currently utilized as the Golf Course Superintendent’s residence, providing valuable on-site operational support. Ownership has completed significant recent capital improvements throughout both the clubhouse and course infrastructure, including clubhouse expansion, new kitchen and bar equipment, upgraded electrical, plumbing, HVAC, roofing, drainage improvements, reconstructed greens and bridges, extensive tree removal, new practice amenities, upgraded maintenance infrastructure, and acquisition of new EZGO golf carts and Toro maintenance equipment. Knickerbocker Country Club benefits from diversified revenue streams through public golf, league play, tournaments, restaurant and bar operations, weddings and private events while offering substantial upside potential through expanded hospitality, corporate outings, destination marketing, memberships, and entertainment programming. This is a turnkey opportunity to acquire a highly recognizable regional golf and hospitality asset with substantial recent investment and meaningful future growth potential. Strategic Central New York Location Convenient proximity to Cortland, NY Accessible to Syracuse, Ithaca, Binghamton, and the Southern Tier Regional draw for leagues, tournaments, events, and hospitality uses Located within a strong recreational and tourism corridor Opportunity to capitalize on destination and event traffic Established 18-hole championship golf course Extensive recent clubhouse renovations and expansion Newly upgraded restaurant, bar, and commercial kitchen Significant capital investment into course infrastructure Updated EZGO golf cart fleet Strong regional recognition and customer base Diversified revenue streams beyond golf operations Event and hospitality expansion potential Extensive maintenance and grounds equipment included Turnkey operational opportunity The property’s strategic Central New York location near Cortland allows ownership to draw from multiple regional markets while benefiting from established local clientele and destination-based golf, event, and hospitality traffic.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$385 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Knickerbocker Country Club

PROPERTY TYPE

Sports and Entertainment

ADD'L SUBTYPES

Golf Course/Driving Range

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Sports and Recreation

APN/PARCEL ID

112.00-01-10.100,112.00-01-10.200

ASK ABOUT THIS PROPERTY

Steven ReedHunt Commercial Real EstateMore Info
315-491-7297

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Steven ReedHunt Commercial Real EstateMore Info
315-491-7297

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