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Old 06-05-2019, 11:22 PM   #21
skills
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Default Re: Maple Grove for sale
Is that a profitable business model, to own a drag strip?
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Old 06-06-2019, 05:43 AM   #22
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It's sale price is based on the value of the land, not the facility. Therefore IF it is sold, it most likely will be sold to a developer.
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Old 06-06-2019, 06:18 AM   #23
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It's sale price is based on the value of the land, not the facility. Therefore IF it is sold, it most likely will be sold to a developer.
No developer will pay $17,777.00 per acre for that land or anything close to that amount.
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Old 06-06-2019, 06:23 AM   #24
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Default Re: Maple Grove for sale
that's the "asking": price and IF it sells, then we'll see who bought it and what their plans are.
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Old 06-06-2019, 06:40 AM   #25
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that's the "asking": price and IF it sells, then we'll see who bought it and what their plans are.
As I said, or anything close to that price. The facility carries the bulk of the value in this offering. The road system simply does not lend itself to the kind of development necessary to make sense. Sure a few random events each year is ok. But that road system is not set up for large development traffic.
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Old 06-06-2019, 08:25 AM   #26
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https://dragracingedge.com/featured-...TuEVR4wbyRPk6o
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Old 06-06-2019, 09:49 AM   #27
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Default Re: Maple Grove for sale
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Originally Posted by Bruce Noland View Post
No developer will pay $17,777.00 per acre for that land or anything close to that amount.

Bruce
That may very well be true in a lot of cases but it's not uncommon to pay 50K for an acre parcel or more in that area.

https://www.realtor.com/realestatean...n_PA/type-land

Being subdivided and developed by a large home builder even with all the headaches am sure the campground acreage would be very attractive.

Homes pricing runs from middle income on up:
https://www.realtor.com/realestatean...le-family-home

May not be a "no brainer" for large home builder but still feasible when considering high end developments with all the amenities being popular these days for those with cash retiring.
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Old 06-06-2019, 12:26 PM   #28
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Default Re: Maple Grove for sale
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Originally Posted by 1320racer View Post
It's sale price is based on the value of the land, not the facility. Therefore IF it is sold, it most likely will be sold to a developer.
Not in that area. Developers can buy land all over the county for less than that.
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Old 06-06-2019, 10:36 PM   #29
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Does no good to speculate what could happen, I for one will wait until there is an actual sale
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Old 06-07-2019, 09:06 AM   #30
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Does no good to speculate what could happen, I for one will wait until there is an actual sale
Stop making sense.
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