Listings

Property Description

We are pleased to offer the opportunity to acquire a fee-simple interest in Riverby Hills Golf Club, located in Bowling Green, Ohio. This daily fee club features an 18-hole championship-caliber golf course and practice facility in a classic “Parkland” setting.

The efficient 3,200-square-foot clubhouse features a pro shop, bar and grill, locker rooms, offices, and a covered patio. A separate 3,000-square-foot events building features banquet space with a full-service kitchen and bar. Other structures include a cart storage building and maintenance facilities.

The Par 72 golf course features a mix of bent/poa annua grass from tee to green and is maintained in excellent condition. The Championship tees play at 6,853 yards with a course rating of 72.4 and a slope of 130.

 

 

 

Amenities
Investment Highlights

  T12 November 2024 Gross Revenue: $1.2M                                                                                                   

T12 November 2024 EBITDA: $520K | EBITDA Multiple: 6.3x | Cap Rate: 15.8%

Consistent Cash Flow / Four-Year Average (2021 – T-12): $414,043               

T12 Operating Margin: 43.2%                                                                                                                                    

Revenue and EBITDA Continued Upward trend Through September 2024      

Address Map
16571

Riverby Hills Golf Club

16571 West River Road, Bowling Green, Ohio 43402

Basic Details
Status : Expired
Holes : 18
Year Built : 1920
Ownership : Fee Simple
Country : United States
State : Ohio
Acres : 182.14
Listing Broker : JDS Real Estate Services, Inc.
Listing Broker Name : Stanley Stein
Listing Broker License : OH BRKP.0000151919
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Advisor
Rob Waldron
Leisure Investment Properties Group
17539 Darby Lane, Tampa, FL 33558
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