Florida dirt track up for sale as turnkey operation
North Florida Speedway is a 3/8-mile semi-baked dirt oval. The track sits on 25+/- acres of Florida real estate.
In 1963, a race track was constructed between Jacksonville and Tallahassee. It’s now the second oldest speedway in the state of Florida.
Note: Bubba Raceway Park opened in 1952. That makes it the oldest operating track in the state of Florida.
North Florida Speedway is located at 287 SE Race Track Lane in Lake City, Florida. The listing was created just ahead of Christmas.
The business is listed at a cap rate of 25%. That means the track had a net operating income of roughly $200,000 last year.
“Its race night at North Florida Speedway and the odor of exhaust & rubber mixed with the smell of grilled hot dogs and hamburgers and screaming fans will get your blood pump full of excitement and thrilled to explore the opportunity of owning your own racetrack,” the listing reads.
The track comes with a wide range of recent upgrades to the business and the facility: New case tracker, 2 mother Graiders, 2 new Concession Stands with all new restaurant equipment and a brand New steel building 40×100 just went up at the end of 2018.
The track continues to operate as usual. The current owners are also in the process of building an apartment on the complex for the new potential owners to use.
Price: $799,000
North Georgia Speedway Schedule
The 2019 racing season is currently underway. The track just concluded rounds the the annual Winter Nationals. 19 events are on the schedule for 2019.
MARCH 3RD 2018 POINTS BANQUET
MARCH 9TH SEASON OPENER: STREET STOCKS $1000 TO WIN, THUNDER STOCK $1000 TO WIN, LATE MODELS $1500 TO WIN, Emods & Box stocks.
MARCH 23RD DAARA, STREET STOCKS, THUNDER STOCK, EMODS & BOX STOCKS
APRIL 6TH STREET STOCKS, THUNDER STOCKS, EMODS, BOX STOCKS & CENTER SEAT MOD
APRIL 20TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS & THE FLORIDA LATE MODEL SERIES
MAY 11TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS & CENTER SEAT MOD
MAY 25TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCK, FL LATE MODEL
JUNE 8TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCK, CENTER SEAT MOD
JUNE 15TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCK, FL LATE MODEL
JULY 26TH & 27TH SUMMER SLAM (ALL CLASSES)
AUGUST CLOSED
SEPTEMBER 13TH & 14TH ANNUAL FALL FLING
SEPTEMBER 28TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS & FLORIDA LATE MODEL
OCTOBER 5TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS, CENTER SEAT MOD
OCTOBER 19TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS, THE FLORIDA LATE MODEL SERIES
NOVEMBER 2ND STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS, CENTER SEAT MOD
NOVEMBER 9TH STREET STOCK, THUNDER STOCK, EMODS, BOX STOCKS
NOVEMBER 29TH & 30TH ANNUAL TURKEY TROT
Tentatively 2020 National dates
JANUARY 30, 31 & February 1,2 UMP Modifieds and UMP super late models
FEBRUARY 6,7,8,9- 602 Northeastern center seat Modifieds.