Franklin Sports & Entertainment for Sale
100+ acre golf course for sale with potential 2.8 acre set-aside to support development of a 45-room+ golf resort hotel/Spa as part of the golf club in Franklin, NC. The concept is to offer golf packages that include green fees, cart, etc.
The property is located in Franklin, North Carolina has been exhibiting significant growth, and has a significant senior population choosing to retire in the mountains versus the typical Florida destination. It is approximately 19.5 miles from Highlands, North Carolina. Franklin is a unique town nestled in the heart of the Blue Ridge Mountains in the foothills of the Great Smokies. Franklin's population nearly doubles during the spring, summer and fall seasons due to our temperate climate and beautiful scenery.
The geographical position enables enjoyment of cool summer nights and mild winters; the Town sponsors and hosts many festivals and events each year. With a healthy tourism industry and lots of local people taking an active role in the community, there are always exciting activities and places to go. There are no Golf resorts within a 30 mile radius. Atlanta, Chattanooga, Knoxville, and other large cities are within 100 miles of the Club.
The property is in the gated community of Mill Creek Estates. Club House Restaurant and Kitchen, with a capacity of 150, is currently closed, and marketed for lease as an additional source of income. There are no fine dining establishments within a 10 mile radius of the property. The active 18-hole course was designed by Bruce Devlin in 1980. Golf Club averages 20,000 rounds a year. Course characteristics: Par 72, length 6,153 yards, slope 130, and rating 68.6.
The 100-acre golf club at 341 Country Club Drive, Franklin, NC. It could offer multiple opportunities, including development for revenue generation and long-term value appreciation.
1. Diverse Revenue Streams
• Golf Course Operations – Maintain and enhance the existing golf club, attracting local and tourist golfers (e.g., averaging 20,000+ rounds per season.)
• Clubhouse & Restaurant Lease – Lease the restaurant to a farm-to-table company, ensuring a steady rental income.
• Lodging Income – Build and operate a golf resort and also welcome tourists, hikers, and visitors to the Blue Ridge Mountains. Sell both week-end and week-long Golf Packages all inclusive, tournaments, golf clinics, and more.
2. Prime Location in the Blue Ridge Mountains of North Carolina
• Nestled in the scenic Blue Ridge Mountains, offering stunning views that attract nature lovers, golfers, and retirees.
• Located in Mill Creek, an upscale, gated community, ensuring a built-in clientele for golf, dining, and potential lodging.
3. High-End Market Appeal
• Mill Creek’s affluent homeowners create demand for premium golf experiences, fine dining, and upscale lodging.
• A well-managed farm-to-table restaurant could become a local and tourist hotspot, adding significant value.
4. Demand for Boutique Accommodations
• A golf-centric motel or lodge could cater to both golfers and tourists exploring the region.
• Eco-tourism and outdoor enthusiasts could also be drawn to the location, boosting the property’s appeal.
5. Potential to Increase Property Value
• Leverage the golf course, hotel, and restaurant create a self-sustaining community, ensuring consistent foot traffic.
6. Scarcity of similar properties in desirable locations adds to its long-term investment value.
• There is only one 9-hole golf course inside a 20-miles and not considered competitive
• There is no golf resort offering golf packages within 30 miles; the closest is The Old Edwards Inn whose course is 15-20 minutes away.
7. Club Location: Atlanta, Chattanooga, Knoxville, and other large cities are within 100 miles of the Club. Both the Asheville Regional Airport (AVL) and McGhee Tyson Airport (TYS) (TYS) ** in Knoxville, TN are about 1 hour away.
8. Zoning Considerations: No zoning except Watershed Class III limiting two homes per acre.
9. Environmental & Infrastructure Considerations: Sewer, water, and road infrastructure may need upgrades for residential development.The golf course might have wetlands or protected land requiring permits for changes.
10. Potential Return on Investment (ROI) | Revenue Streams & Estimated Annual Income
11. Golf Course Operations
a. Memberships, daily fees, and events: $500K-$1M per year (varies by management and demand).
b. Upside: Improvements could increase tourist and local golfer traffic.
12. Motel Development (Assuming 40-room boutique motel)
a. Room rate: $250/night avg. including green fees and cart
b. 60% occupancy rate ~$2.19M annual revenue
c. Operating costs: ~50%-60%
d. Estimated annual net profit: $876K - $1.09M
13. Restaurant Lease (Leased to a farm-to-table firm)
a. Rent revenue: $7.5K-$10K/month ($90K-$120K per year)
b. No operational responsibility, passive income stream.
Disclaimer: While the information is deemed reliable, no warranty is expressed or implied.
Any information important to you or another party should be independently confirmed
within an applicable due diligence period.
