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341 Country Club Dr - Golf Resort Hotel Development

100.13 Acres of Commercial Land Offered at $2,800,000 in Franklin, NC 28734

Investment Highlights

  • 100 Acre Golf Club in gated community in the Smoky Mountains
  • Large Dining Facility in the Club House, could be leased as a restaurant
  • Potential 45-room+ resort hotel/spa development on 2.8 acre set aside
  • High Level Hotel Development Pro Forma

Attachments

Offering Memorandum
Fairways at Mill Creek Hotel-Development-Model
Lease Flyer
NNN Lease Calculations for Tenant

Property Facts

Price $2,800,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Apartment Units
  • Golf Course or Driving Range
  • Hotel
Total Lot Size 100.13 AC

1 Lot Available

Lot

Price $2,800,000
Price Per AC $27,964
Lot Size 100.13 AC

100+ acre golf course for sale with potential 2.8 acre set aside to support development of a 45-room resort hotel in Franklin, NC. The property is located approximately 19.5 miles from Highlands, NC, a very desirable area, a Smoky Mountains respite.

Description

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 approximately 19.5 miles from Highlands, NC, a very desirable area that has been a mountain respite for vacationers and retirees for over a century; a popular destination for hikers and outdoor enthusiasts, specifically in relation to the Nantahala National Forest, the Great Smoky Mountains, and the Appalachian Trail. The surrounding area is rich in gems and minerals and is known as the “Gem Capital of The World.” The property is located in Franklin, North Carolina which 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. Our geographical position enables us to enjoy 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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6564675230
Land Assessment
$1,051,370
Improvements Assessment
$812,840
Total Assessment
$1,864,210
  • Listing ID: 27870013

  • Date on Market: 3/2/2023

  • Last Updated:

  • Address: 341 Country Club Dr, Franklin, NC 28734

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