
5200 SW Rood Bridge Rd
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5200 SW Rood Bridge Rd
22,014 SF Sports & Entertainment Building Offered at $9,375,717 CAD in Hillsboro, OR 97123



INVESTMENT HIGHLIGHTS
- Meriweather National Golf Club is a turnkey establishment with positive cash flow.
- Opportunity to grow rounds, raise fees, and recharge food and beverage operations.
- Surrounded by excellent local demographics and approximately 30 minutes west of Downtown Portland, Oregon.
- Additional revenue is feasible via weddings, banquets, special events, etc.
EXECUTIVE SUMMARY
Meriwether National Golf Club (“Meriwether”) is a public golf course located along the banks of the Tualatin River, approximately 30 minutes west of downtown Portland, Oregon. Meriwether was initially developed in the early 1960s for major tournament play and currently includes an 18-hole regulation course, 9-hole executive course, driving range, pro shop, clubhouse, restaurant, and supporting maintenance facilities. The primary structures were built in the mid-1990’s. The original developer remains the owner/operator who has been in place for over 60 years.
Meriwether is adjacent to the Cities of Hillsboro and Beaverton, representing three of the five largest cities in Oregon with combined populations exceeding 200,000. Meriwether is also located less than 10 miles from the Nike World Headquarters and Intel Ronler Acres, the primary campuses for two of Oregon's four most significant employers. Limited competing golf courses in the area and a shrinking inventory due to land development pressures create a favorable competitive environment.
Meriwether has experienced strong revenue growth and profitability over the past several years. Gross revenue for 2023 exceeded $2.16 million, and YTD September 2024's gross revenue is up 11% from last year. This revenue excludes banquets, weddings, and other events that have not been restarted since Covid 19. With an appealing 27-hole course layout, grand pro shop/clubhouse building, and proximity to a large and favorable population base, Meriwether is well-established and well-positioned to transition to the next level of golf course operations and event destination for the coming decades.
Meriwether is adjacent to the Cities of Hillsboro and Beaverton, representing three of the five largest cities in Oregon with combined populations exceeding 200,000. Meriwether is also located less than 10 miles from the Nike World Headquarters and Intel Ronler Acres, the primary campuses for two of Oregon's four most significant employers. Limited competing golf courses in the area and a shrinking inventory due to land development pressures create a favorable competitive environment.
Meriwether has experienced strong revenue growth and profitability over the past several years. Gross revenue for 2023 exceeded $2.16 million, and YTD September 2024's gross revenue is up 11% from last year. This revenue excludes banquets, weddings, and other events that have not been restarted since Covid 19. With an appealing 27-hole course layout, grand pro shop/clubhouse building, and proximity to a large and favorable population base, Meriwether is well-established and well-positioned to transition to the next level of golf course operations and event destination for the coming decades.
PROPERTY FACTS
Price | $9,375,717 CAD | Building Class | C |
Price Per SF | $425.90 CAD | Lot Size | 314.78 AC |
Sale Type | Investment or Owner User | Building Size | 22,014 SF |
Property Type | Sports & Entertainment | No. Stories | 1 |
Property Subtype | Year Built | 1989 |
Price | $9,375,717 CAD |
Price Per SF | $425.90 CAD |
Sale Type | Investment or Owner User |
Property Type | Sports & Entertainment |
Property Subtype | |
Building Class | C |
Lot Size | 314.78 AC |
Building Size | 22,014 SF |
No. Stories | 1 |
Year Built | 1989 |
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 CAD | |
Land Assessment | $2,302,521 CAD | Total Assessment | $8,630,560 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,302,521 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,630,560 CAD
ZONING
Zoning Code | EFU (Exclusive Farm Use (EFU); allows a broad range of agricultural and open space uses. The golf course is a non-conforming, pre-existing use.) |
EFU (Exclusive Farm Use (EFU); allows a broad range of agricultural and open space uses. The golf course is a non-conforming, pre-existing use.) |
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5200 SW Rood Bridge Rd
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