Premier Commercial Property Multifaceted Offering In Worthington, Massachusetts
Linking Complimentary Offerings To Maximize Value
We are focusing our efforts on saving this historic Golf Course and FarmHouse
The Golf Course itself was established in 1904, which makes it one of the oldest golf courses in the commonwealth and in the country. It was the home course for the US Secretary of State George Shultz, and his family.
We see the preservation of the Golf Course as the driving force of the need to drive revenue to the properties.
The 1820 Greek Revival Farmhouse Needs some upgrades
The Velvet restaurant resides in the 1820s Greek Revival Farmhouse that sits at the crest of the ridge It has undergone renovation of the bar, dining room, restrooms, pro shop, kitchen and grounds and is now 100% ADA Compliant.
There is an opportunity to improve the insulation and update the windows so that the building would be more comfortable in winter months.
Renovation of the Club House for Accommodations
We are working with an architectural Team to perform an historically sensitive renovation of our upper story
We see updating the second floor as an opportunity to add an income stream and further preserve the historic beauty of the property . There are two bedrooms with a shared bath. The rooms have spectacular views.
The Property Across the Street
A single family residence situated directly across the street from the golf course at 138 Ridge Road has never been inhabited since it was built in the 1990s. Through a series of owners and attempts to complete construction and gain an occupancy permit, the house is in bankruptcy restructuring. We believe the house would fetch between $500 to 850K. Our estimate to complete the works is another $300 to 400K.
The house has 8.7 acres and is approximately 8K square feet. It is surrounded on the side yard and back by the golf course.
The Victorian House Fits IN
The 50 acre private property that surrounds the 7500 square foot Victorian house, carriage barn, and guest house allows for an upscale accommodation for wedding guests, or even the opportunity to host weddings or events on prem. The property is decorated with beautiful art and furnishings.
The renovation on the house and gardens has been ongoing for more than 25 years resulting in a property valued at $1.34 million. The infrastructure upgrade in @2010 included a full foundation, steel beams, heated floors, an updated electrical system, and a tankless heating system.
Additional investment in the property would allow renovations in the barn that would add an appreciable income stream.