Maple Grove for sale - Page 3

skills · 06-05-2019, 11:22 PM

Is that a profitable business model, to own a drag strip?

1320racer · 06-06-2019, 05:43 AM

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.

Bruce Noland · 06-06-2019, 06:18 AM

Quote:

Originally Posted by 1320racer

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.

1320racer · 06-06-2019, 06:23 AM

that's the "asking": price and IF it sells, then we'll see who bought it and what their plans are.

Bruce Noland · 06-06-2019, 06:40 AM

Quote:

Originally Posted by 1320racer

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.

Nmbr1GMfan · 06-06-2019, 08:25 AM

https://dragracingedge.com/featured-...TuEVR4wbyRPk6o

Signman · 06-06-2019, 09:49 AM

Quote:

Originally Posted by Bruce Noland

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.

jwsamuel · 06-06-2019, 12:26 PM

Quote:

Originally Posted by 1320racer

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.

Dan Bernay · 06-06-2019, 10:36 PM

Does no good to speculate what could happen, I for one will wait until there is an actual sale

jwsamuel · 06-07-2019, 09:06 AM

Quote:

Originally Posted by Dan Bernay

Does no good to speculate what could happen, I for one will wait until there is an actual sale

Stop making sense.

06-05-2019, 11:22 PM	#21
skills Member Join Date: Oct 2010 Location: Hershey,pa Posts: 185 Likes: 0 Liked 0 Times in 0 Posts	Re: Maple Grove for sale Is that a profitable business model, to own a drag strip?

06-06-2019, 05:43 AM	#22
1320racer VIP Member Join Date: Nov 2007 Location: New Jersey Posts: 1,778 Likes: 70 Liked 400 Times in 191 Posts	Re: Maple Grove for sale 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.

06-06-2019, 06:23 AM	#24
1320racer VIP Member Join Date: Nov 2007 Location: New Jersey Posts: 1,778 Likes: 70 Liked 400 Times in 191 Posts	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.

06-06-2019, 08:25 AM	#26
Nmbr1GMfan VIP Member Join Date: Aug 2013 Posts: 1,766 Likes: 1,197 Liked 1,957 Times in 492 Posts	Re: Maple Grove for sale https://dragracingedge.com/featured-...TuEVR4wbyRPk6o __________________ Todd Greene

06-06-2019, 10:36 PM	#29
Dan Bernay Member Join Date: Jan 2010 Location: Connecticut Posts: 391 Likes: 2 Liked 13 Times in 8 Posts	Re: Maple Grove for sale Does no good to speculate what could happen, I for one will wait until there is an actual sale