Confidential Private Club & Development Opportunity
Southern New Jersey
Price: $8,800,000  
Down Payment:  
Year Built:  
Total Acreage:  
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This listing represents two opportunities for prospective investors. The first is a Confidential Club that generated a normalized EBITDA of approx. $700k in 2019 and based on our pro forma projections, could generate up to approx. $900k by end of year five of new ownership. The second opportunity is a multi-family development opportunity on mostly excess land of the golf course. The property features +/- 25 developable acres, of which +/- 11 are located within an opportunity zone. Current ownership has received approvals to develop up to 375 multi-family units, but that includes development of the driving range.  

Property Highlights


One of South Jersey's Most Historic Private Golf Clubs
Approval to Develop Up to 375 Units
+/- 11 Acres for Development Located in Opportunity Zone
Over 950 Members at The Club
Routinely Awarded One of Top Banquet/Event Destinations
Property Overview
Holes: 18
Type: Private

 

Contact Information:

Steven M. Ekovich
Senior Managing Director
Leisure Investment Properties Group
8133874791
Steven.Ekovich@marcusmillichap.com


 

 

 
 
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