5530 Bayshore Rd Oregon, OH 43616-4410

Property Details for 5530 Bayshore Rd

Year built

1993

Lot size

8.62 lot acres

Property size

2,352 SF

Zone code

40-R2

Property type

Golf courses & driving ranges

APN

44-01351

APU

4401351

Description

Eagle's Landing Golf Club, a premier 18-hole championship "Links Style" golf course, presents a unique investment opportunity. Located on the southwestern shore of Lake Erie in Oregon, Ohio (a suburb of Toledo), this established course boasts a 4,539 square foot clubhouse featuring a pro shop, bar & grill, and offices with basement storage. The course, designed by Brian Huntley and opened in 1998, features bent grass from tee to green and is meticulously maintained. The championship tees play at 6,866 yards, with a course rating of 72.7 and a slope of 130. Additional amenities include a cart storage building and maintenance facility conveniently located near the first tee. The property offers a strong financial performance, with a trailing twelve months (June 2024) gross revenue of $916,000 and EBITDA of $298,000, representing a 13.5% cap rate and a 7.38x EBITDA multiple. The consistent cash flow, averaging $223,122 over the past four years (2021-T12), demonstrates the course's profitability and resilience. Furthermore, revenue and EBITDA show a positive upward trend through September 2024. This highly regarded course has received accolades including "Toledo's Favorite Course" (Toledo Blade readers) and "Top 100 Must Play Courses in Ohio" (Ohio Golf Style Magazine). The asking price is $2,200,000. Additional miscellaneous project equipment is available for separate purchase. The surrounding Eagle's Landing community is experiencing continued growth.

Location Insight

City

Oregon

County

Lucas

State

Ohio

Longitude

-83.4193

Latitude

41.6862

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments