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11605 Masters Ln - River Run Golf Club 6,500 SF Sports & Entertainment Building Offered at $1,750,000 in Berlin, MD 21811
INVESTMENT HIGHLIGHTS
- Priced at $1,750,000
- Unique opportunity to acquire an established course located in a destination resort market
- All owned maintenance equipment is included in the sales price (Insured value $800K+)
- Trailing 12-month (Nov 2024 – Oct 2025) Gross Revenue: $2,282,498
- Value add investment by transitioning course from a Real Estate Sales amenity to a “For Profit” operating model.
EXECUTIVE SUMMARY
Leisure Investment Properties Group is pleased to exclusively offer the opportunity to acquire the fee simple interest in River Run Golf Club. The club is located on the Eastern Shore of Maryland in Berlin just west of Ocean City, one of the largest vacation destinations on the East Coast. River Run Golf Club serves as the primary recreational amenity to the River Run Residential Community.
The Club features an 18-hole championship golf course, designed by the legendary Gary Player. Additional amenities include a 6,800 square foot clubhouse with a stocked pro shop, restaurant, locker room facilities, and administration offices with two second floor bedrooms. The 4,000 SF cart storage facility can accommodate 85 golf carts. Two maintenance buildings (6,000 SF and 2,400 SF) house the maintenance equipment and service area.
The golf course plays to a par of 71 with five sets of tees ranging from 4,702 yards (forward tees) to 6,705 yards (championship tees). The golf course features bent grass greens maintained in excellent condition. Water for the irrigation system is sourced from on-site ponds. All owned maintenance equipment is included in the sale.
The Club features an 18-hole championship golf course, designed by the legendary Gary Player. Additional amenities include a 6,800 square foot clubhouse with a stocked pro shop, restaurant, locker room facilities, and administration offices with two second floor bedrooms. The 4,000 SF cart storage facility can accommodate 85 golf carts. Two maintenance buildings (6,000 SF and 2,400 SF) house the maintenance equipment and service area.
The golf course plays to a par of 71 with five sets of tees ranging from 4,702 yards (forward tees) to 6,705 yards (championship tees). The golf course features bent grass greens maintained in excellent condition. Water for the irrigation system is sourced from on-site ponds. All owned maintenance equipment is included in the sale.
PROPERTY FACTS
| Price | $1,750,000 | Lot Size | 188.20 AC |
| Price Per SF | $269.23 | Building Size | 6,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Sports & Entertainment | Year Built | 1991 |
| Property Subtype | Golf Course/Driving Range | Tenancy | Single |
| Building Class | C | ||
| Zoning | R1 | ||
| Price | $1,750,000 |
| Price Per SF | $269.23 |
| Sale Type | Investment |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | C |
| Lot Size | 188.20 AC |
| Building Size | 6,500 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Tenancy | Single |
| Zoning | R1 |
PROPERTY TAXES
| Parcel Number | 03-004899 | Improvements Assessment | $1,887,700 |
| Land Assessment | $1,150,400 | Total Assessment | $3,038,100 |
PROPERTY TAXES
Parcel Number
03-004899
Land Assessment
$1,150,400
Improvements Assessment
$1,887,700
Total Assessment
$3,038,100
CONTACTS
-
Steven Ekovich -
Robert Waldron -
Lynn Brisson -
Leisure Investment Properties Group
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11605 Masters Ln - River Run Golf Club
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