Historical Land Sale Listing - woodland hills

Land For Sale

This Land property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Land For Sale, Midland, GA or Georgia

woodland hills

592 day lake dr, Midland, GA 31820

N/A

535 AC | Land

  • Print

This is what a championship golf course looks like!

Land - Off Market

Price:
N/A
Lot Size:
535 AC
Property Type:
Land
Property Sub-type:
Residential (land)
Additional Sub-types:
Multifamily (land)
Commercial/ Other (land)
Year Built:
1998
Listing ID
16758304
Last Updated
over 1 year ago

Utilities

  • Electricity/Power
  • Irrigation
  • Water
  • Telephone
  • Cable
  • Gas/Propane

Description

This 535 acre property in Columbus Georgia, is a championship golf course and 571 residential lots for sale. The course is a rolling terrain, very wooded with many lakes, 7000 yds par 72. The It is ideal for a reasonably priced homes very close to Fort Benning Ga. The course was built in 1998 and about a third of the course is occupied with single family dwellings. Because of the tremendous growth in the Columbus Georgia market we feel the 571 lots can be sold in the next 5 years. Fort Benning is adding 28000 new personnel in 2010 from Fort Knox Ky. There are also 25000 retired military in the region, Kia motors has added a factory employing 12000, it is also the home Aflac employing 7500 and dozens of other nationally know companies. There are NO OTHER golf courses in the Columbus area that have existing golf course lots for sale. If all the lots are sold within the next 5 years it should generate a NET operating income of around 21 million dollars. Plus you will still own the golf course which could be turned into a country club with all of the new homes in the area. A very similar community close by sold out 900 golf course community lots within 3 years. Over 700% R

The golf course and residential community is located just outside Columbus Georgia in a very beautiful wooded, rolling terrain. Owner will carry paper with 2.7 million cash down, you must have a minimum 2.7 million in liquid cash to qualify. The property is currently lien and debt free and should be appraised in the 12 to 14 million dollar area. The price of $2.7 million is for a full 50% share in the property, you can be a working partner or investment only.. If you would like to own it outright the price is $9.8 million, and the current owner will stay on if required. The owner has developed over 150 golf courses and golf course communities throughout north america. The owner would want 3 million cash down payment.AND HE WILL CARRY A NOTE FOR THE REST. ..The 571 lots are selling from 40k to 70k for 1/3 acre lots. That is over 21 million NET INCOME when completly sold out.

Map of 592 day lake dr, Midland, GA 31820 (Muscogee County)

Research for 592 day lake dr, Midland, GA 31820 (Muscogee County)

  • Demographics – Population, income & other demographics near 592 day lake dr
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

Similar Listings

2 Photos
Muscogee Technology Par...
Muscogee Technology Par...
  • Midland, GA
  • Price Not Disclosed
  • 10 - 1,000 AC