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- LoopNet Team
8745 Tanglewood Trl
Chagrin Falls, OH 44023
Tanglewood Country Club · Sports & Entertainment Property For Sale · 27,500 SF
Investment Highlights
- Exceptional Banquet Facilities Which Are Currently Leased Out for 50% of Profits – Cutting Lease Would Increase NOI/EBITDA by Approximately $200k
- Pro Forma Business Plan (discussed in detail on pages 35 through 37), projects gross revenue to be $2,078,240 and NOI/EBITDA to be $304,442 by end of
- Very Affluent and Well-Educated Population Surrounding the Club – Average Household Income Within a 10-Minute Drive is Over $160,000
PROPERTY FACTS
| Property Type | Sports & Entertainment | No. Stories | 1 |
| Property Subtype | Golf Course/Driving Range | Year Built | 1967 |
| Building Class | C | Tenancy | Single |
| Lot Size | 132.47 AC | Parking Ratio | 2.91/1,000 SF |
| Building Size | 27,500 SF |
| Property Type | Sports & Entertainment |
| Property Subtype | Golf Course/Driving Range |
| Building Class | C |
| Lot Size | 132.47 AC |
| Building Size | 27,500 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Tenancy | Single |
| Parking Ratio | 2.91/1,000 SF |
Amenities
- Lounge
- Air Conditioning
About 8745 Tanglewood Trl , Chagrin Falls, OH 44023
The Historic Tanglewood Club features an 18-hole championship golf course designed by William F. Mitchell and one of the Chagrin Valley’s most notable wedding venues. The clubhouse is 24,000 sq. ft. with a pro shop, The Greens Bar & Grill, locker rooms, two meeting rooms, and three newly decorated event spaces with a maximum banquet capacity of 400 people. The property is on a 99-year land lease from the Tanglewood Lake Homeowners Association with 89 years remaining. The Historic Tanglewood Club offers Northeast Ohio’s most scenic public golf course where you can walk in the footsteps of golf legends on the course that has played host to multiple professional PGA and LPGA tour events. In addition, Current ownership has invested over $1-million in renovations including substantial course improvements, remodeled banquet facilities and an entire fleet of electric golf carts.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $290,080 | |
| Land Assessment | $231,500 | Total Assessment | $521,580 |
PROPERTY TAXES
zoning
| Zoning Code | OUE (Golf Course) |
| OUE (Golf Course) |
