144 Acres with extremely rare "Vacation Destination Area" Zoning, allowing daily rentals. Purchase includes a Golf Course, restaurant and legal sub division for possibly 80 units with ocean views. Plus others of open zoning for additional development.Gross $2mm net $800k. Preliminary "Troon Golf Course Management" audit shoes 100% upside.
Mike went to High School in Hawaii and is currently living here knows the area and owns a condo there that has appreciated 600% since 2001. Stephen is a long time real estate agent from San Francisco. Mike & Steve have 70 years combined commercial real estate experience and had this property in escrow and have a detailed understanding of the circumstances. Letter of Intent counter offered, PSA pending.
Current development next door under construction sold out. comparison properties sold at $1,000 per S.F. and up. Current vacant lot next door sold for $825K.
Three partners own the property, one has passed away, one is in the rest home and the last one is managing the course. Now is the perfect time to purchase!
Asking price $15.5mm We have done the math and feel that there is a huge opportunity here!
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