Taylorsville Golf Course- Redevelopment Opportunity

Special Purpose for Sale
Catylist Listing ID: 30137084
Building Size (RSF): 28,700 SF
Gross Building Area: See Agent
Gross Land Area: 190 Acres
Sale Price: $895,000
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/16/2018

Overview / Comments

Tanglewood Golf Course, located in beautiful Taylorsville, KY (Spencer County) just 1 mile from the Taylorsville Lake and Marina.

Approximately 190 acres of rolling country side with 5 stocked lakes.

Spencer County is one of the fastest growing counties in Kentucky with easy access to major thoroughfares, low crime rate, good schools, and a new large middle school opening soon, just across the street from Tanglewood.

Tanglewood is an 18 hole, par 72 course, 6,457 yards, slope/rating of 121/70.2, designed by Buck Blankenship with challenging lies and stances, opened in 1984.

The fully stocked Club House and Pro Shop (approx. 4500 sf) has a bar with a full liquor license​, commercial kitchen, and large banquet room, ​great ​for hosting ​meetings, weddings,​ and other events.​

Property also includes a 4,200 sf large barn used for golf cart storage, additional offices and maintenance shop. The 100 year old barn is well maintained and was the dairy barn of the original farm. Upper area could easily be made into an additional large country setting area for hosting larger weddings, receptions, and other events.

Golf course is approximately 145 acres of the 190. Other opportunities for this great property ​includes single or mixed use housing development, RV Pads, vacation rental cottages, business/industrial park, storage units, etc.

Business is cash flow positive and revenue has doubled in just the past three years. Potential for owner financing.

The golf course land is zoned R-2, single family residential on sewer.
The Club House and Barn are zoned B-3.

Only 20 minutes from Louisville, KY at I-265 and only 20 minutes from Shelbyville, KY at I-64.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Spencer
Zoning: R-2 - Residential Zone - Multi-Family
Property Visibility: Excellent
Property Condition: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,698 3,622 7,659
Median Age: 35.81 36.79 38.92
Households: 678 1,385 2,827
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.