$1,300,000
$1,450,000
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5,312 SqFt
SOLD DATE : 04/25/2024
Key Details
Sold Price $1,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,312 sqft
Price per Sqft $244
MLS Listing ID 170600317
Sold Date 04/25/24
Year Built 2010
Annual Tax Amount $40,815
Lot Size 10.510 Acres
Property Description
Fantastic business opportunity awaits you to own and operate a highly successful recreational club. Presenting the Edgewood Bath and Tennis Club, complete with a state-of-the-art fitness center, newly installed paddle courts, a playground, basketball courts, 5 tennis courts, 6 pickleball courts, and a beach volleyball area. Situated in the heart of Middlebury, just minutes away from exit 16 on I84, this pristine club spans over 10 acres of commercially zoned land, offering ample room for expansion and the potential for year-round operation. This is a rare chance to acquire a Swim and Tennis Club that boasts an impressive $4 million in capital improvements and has been impeccably maintained throughout the years. Enhance the building's square footage to accommodate additional recreational activities, introduce a seasonal bubble over the tennis courts for winter play, or consider adding a golf simulator to diversify revenue streams. Recent upgrades include resurfaced tennis and pickleball courts, a town permit for winterizing the back three tennis courts, enabling year-round usage, and the acquisition of a liquor license, simplifying event catering. The possibilities are endless for this turn-key business. Explore the option of a 2 to 5-year Lease-to-Buy arrangement with a substantial nonrefundable upfront deposit. Many more details available to make your dream of owning a thriving recreational club a reality.
Location
State CT
County New Haven
Zoning L200
Interior
Interior Features Elevator, Public Restrooms, Security System
Heating Hot Air, Zoned
Cooling Central Air
Exterior
Exterior Feature Lighting, Sidewalk, Underground Utilities
Parking Features Paved
Utilities Available Electric, Cable
Roof Type Asphalt Shingle
Building
Lot Description Some Wetlands, Cleared, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Timothy Drakeley • Drakeley Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "