Property profile

578 Park Ave Meadville, PA 16335

OFF-MARKET
Specialty properties
Property ID
US73-4824333
63 ac lot
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Property summary

AI-generated overview

This exceptional Pennsylvania investment opportunity presents a unique blend of commercial real estate and recreational assets. Located at 578 Park Ave, Meadville, PA 16335, this 63-acre property encompasses the established Hailwood Golf Course and Safari Bar. The asking price is $1,500,000, offering a compelling 26.67% capitalization rate with a net operating income (NOI) of $400,000. The property includes a substantial brick home featuring four bedrooms and four and a half bathrooms, complemented by a luxurious 40x60 garage and a walkout basement. This meticulously maintained residence offers versatile conversion potential. The turnkey business opportunity includes the real estate, liquor license, all fixtures, furniture, golf carts, and equipment. The expansive 63-acre lot also includes a 1.55-acre parking lot. This property presents a multitude of development possibilities, including continued operation as a golf course, conversion into a housing development, or repurposing as an adventure park or outdoor concert venue. The property's location in Crawford County, Pennsylvania, provides convenient access to local amenities and transportation networks. This is a rare opportunity to acquire a profitable, established business with significant upside potential.

Property profile

Verified
Property type Specialty properties
Lot 63 ac (2,744,280 SF)
UPID US73-4824333

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

578 Park Ave Meadville, PA 16335
Meadville metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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