Topgolf Baltimore has barely opened its doors, but the property is already teeing up for sale with a $59 million listing price. This drove-filled venue may be getting a new owner soon while still guaranteeing golfers can work on their swing.

Topgolf Baltimore Just Swung Open Last October

In October 2022, Topgolf Baltimore landed in downtown as the hot new entertainment venue. With 90 outdoor hitting bays across 3 levels, golfers could finally get their game on in the heart of the city.

But the good times and buckets of balls may be numbered for the original owners. Just months after opening, Topgolf Baltimore is back on the market for a possible sale.

$59 Million Listing Price for Still New Property

Though Topgolf Baltimore still has that new venue smell, the property is listed at over $59.3 million by Matthews Real Estate Investment Services.

That’s quite a hefty price tag for a location still working to build up its golf game. But the prime downtown location and popular Topgolf brand seem to be driving up the property’s perceived value.

19 More Years Guaranteed for Topgolf Even If Sold

Here’s some good news for Baltimore golf enthusiasts. Even if Topgolf Baltimore gets a new landlord, the golfing fun will continue.

The property comes with a 20-year lease, and 19 years still remain on that agreement. So any new owner will have to let Topgolf tee off through at least 2043.

Third Topgolf in Maryland But First in Downtown Baltimore

Topgolf Baltimore represents the third Topgolf venue in Maryland after locations in Germantown and National Harbor. But it’s the first to bring the Topgolf experience to downtown Baltimore.

Between the prime location, still fresh facilities, and guaranteed long-term lease, Topgolf will likely have no trouble finding a buyer even with the hearty price tag. Golfers can keep working on their drive for years to come.

So while the property owners may change, Topgolf Baltimore looks to remain a top downtown destination for both golf lovers and those just looking for good eats and fun. This sale opportunity seems like a real hole-in-one for any investors looking to join Baltimore’s entertainment scene.

Conclusion: Topgolf Baltimore Sale

While the $59 million listing price is sure to attract investor attention, the Topgolf Baltimore location seems poised to remain a premier entertainment destination in downtown Baltimore’s future. With guaranteed operations for nearly two more decades and a perfect location to draw golfing urbanites, Topgolf has found an ideal home.

Even if the property changes hands, golfers can keep their eyes down the fairway thanks to the lengthy lease term. Topgolf will likely continue driving value to downtown Baltimore’s hospitality scene with no signs of being out of bounds.

As the newest Topgolf location in Maryland, the Baltimore venue filled an unmet demand for city-based sports entertainment. The sale opportunity does not change Topgolf’s important role in diversifying downtown’s nightlife and recreation options.

So for now, Baltimore golfers can keep enjoying the tee-off experience Topgolf is known for. With 19 more years ahead, there’s still plenty of time to work on improving that golf game no matter who ends up owning the property. As long as the beer is cold and balls are flying, Baltimore will continue reaping the benefits of its prime downtown Topgolf location.

FAQs: Topgolf Baltimore Sale

Q: What does Topgolf Baltimore offer?

A: The venue features 90 outdoor hitting bays, a restaurant, bar, event space, and employs over 500 people. It provides a unique golfing experience right in downtown Baltimore.

Q: Where is Topgolf Baltimore located?

A: It is located in a prominent area near downtown Baltimore. This drives the high property value.

Q: Is Topgolf successful in Baltimore?

A: As the third Topgolf in Maryland and first downtown location, it has proven to be a popular entertainment option since opening last year.

Q: Who might buy the Topgolf Baltimore property?

A: Likely commercial real estate investors interested in the site’s long-term lease and value in the downtown hospitality market.

Q: What will change with new ownership?

A: Very little, as Topgolf will remain operating per the lease agreement. The buyer would assume landlord responsibilities.

Q: When will the property be sold?

A: It is currently listed for sale. The timing of an actual sale is unknown.