River Run Golf Club: 18 Hole Championship Designed by Gary Player
Berlin, Worcester, Maryland, United States
Basic Listing Information
- Price
- $1,850,000
- Listing ID
- CS1700016
- Property Type
- Golf Course
- Listing Type
- Commercial Sale
- Status
- Active
- Images
- 7
- Beds/Baths
- -/2
- Baths
- 2
- Location Type
- Bayfront
- View Type
- Bay View, Wooded View
- Total Lot Size
- 150.00 acre (60.70 ha)
- Total Interior Area
- 6,800.00 sq ft (631.74 m²)
Listing Images
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.
See what the agent says about this listing (original title and description):
18 Hole Championship Designed by Gary Player
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.
Long Description
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
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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
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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
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Sewer Available No - Financial/Legal
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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
