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487 W Gate Rd - Lime Rock Golf Club 7,644 SF Sports & Entertainment Building Offered at $1,535,512 CAD in Limestone, ME 04750

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INVESTMENT HIGHLIGHTS

  • Over 115 Acres of Scenic, Versatile Land - 9 Hole Golf Course
  • Open 12 Months A Year- Golf in Summer, Snowmobiling, ATV Access, and Cross-Country Skiing in the Winter
  • Multi-Purpose Recreational, Dining, And Community Hub
  • Multiple Income Streams

EXECUTIVE SUMMARY

A Rare Opportunity in Northern Maine:
Welcome to Lime Rock Golf Club, formerly known as Limestone Country Club – a 9-hole golf course spanning over 115 acres of scenic, versatile land with a rich history and boundless potential. This property is more than just a golf course; it’s a multi-purpose recreational, dining, and community hub with diversified revenue streams, established operations, and room for expansion.
Why choose Lime Rock Golf Club?
Prime Location with Growth Potential
Situated on the historic Loring Air Force Base, originally built in the late 1940s to serve 10,000 military personnel and their families.
Strategically located near DFAS, a new potato chip factory under construction, Spud Speedway, the Loring Commerce Center, and upcoming aerospace developments.
A growing region with projected population increase and expanding tourism.
A Course for All Levels
9 uniquely designed holes with a full driving range.
Back Tees: 3,355 yards, slope 114 – one of the longest courses in Maine.
Fairways lined with Evergreens, Tamaracks, and Hardwoods.
Challenging sand bunkers and water hazards balanced with playability for all skill levels.
Year-Round, Multi-Use Destination
Open 12 months a year – golf in the summer, snowmobiling, ATV access, and cross-country skiing in the winter.
Full-service bar and grill with seating for 45-75 inside and deck eating with scenic views.
Event hosting: Weddings, live music, private gatherings, and community functions.
A laid back atmosphere enjoyed by golfers, families, and social visitors alike.
Multiple Income Streams
Green fees, cart rentals (9 carts included), memberships, and driving range revenue, club rentals
Pro shop with brand-name equipment and apparel
Restaurant and bar sales
Cart storage fees and winter recreational traffic (snowmobiles, ATVs, cross-country skiing)
Arcade games for children to enjoy
Sponsorships and event revenues
Future opportunities: cabin rentals, expanded events, additional non-golf activities.
Property and Facilities
Clubhouse with bar, event room, TV’s, and updated kitchen.
New Propane Stovetop/oven (2024)
Brand new walk in freezer (not installed yet)
Multiple coolers, fridges, and well-maintained equipment
Pantry room
Recently installed furnace (2024)
Big shop housing turf equipment (all owned and maintained)
5-6 car storage units (hold up to 4 carts each)
Additional tool sheds and outbuildings
Large parking lot for events and tournaments
Employees already in place: greenskeepers, clubhouse staff
Liquor license and inspections are all up to date
Lifestyle and Community
Nestled in Maine’s natural beauty, with access to nearby attractions:
Trafton Lake and Campground, Aroostook National Wildlife Refuge, Loring Air Museum, and local dining/entertainment
Year-round events at Spud Speedway (DustBowl, MudBowl, tractor pulls, racing).
Provides both a recreational amenity and a community gathering place with happy hours, day drinking, and night-out options.
Why Invest?
Established, turnkey operation with employees, license, and equipment included
Diversified revenue makes the property resilient year-round
Significant upside potential: expand cabins, weddings/events, outdoor recreation.
Perfect for:
Golf enthusiast wanting to own and operate a course.
Entrepreneurs seeking a hospitality or event-based business.
Developers exploring alternative uses of prime acreage
Investors looking for a community anchor property with cash-flow potential
The Bottom Line
Lime Rock Golf Club is a rare blend of history, recreation, hospitality, and future development potential. Whether you continue operating as a golf course, expand into a multi-purpose resort, or explore redevelopment, the opportunity is wide open.
Square footage includes restaurant and maintenance shops. Additional Cart Storage is leased, providing 4,500 more square feet of leased space. Cart storage is 12 bays-holding 4 carts each.
All equipment, fixtures, branding, and operations are included in the sale.

PROPERTY FACTS

Price $1,535,512 CAD
Price Per SF $200.88 CAD
Sale Type Investment or Owner User
Property Type Sports & Entertainment
Property Subtype Golf Course/Driving Range
Building Class C
Lot Size 113.00 AC
Building Size 7,644 SF
No. Stories 2
Year Built 1940
Opportunity Zone Yes
  • Listing ID: 38520773

  • Date on Market: 2025-11-20

  • Last Updated:

  • Address: 487 W Gate Rd, Limestone, ME 04750

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