578 Park AveMeadville, PA 16335

Property Details for 578 Park Ave

Lot size

63.00 AC

Property type

Sports & entertainment properties

Property subtype

Other specialty properties

Description

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.

Location Insight

City

Meadville

County

Crawford

State

Pennsylvania

Latitude

41.6473

Longitude

-80.1494

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