Bowling Alley - Houghton Lk - 8989 Nottingham

Retail-Commercial for Sale
Catylist Listing ID: 30296412
Building Size (RSF): 17,400 SF
Gross Building Area: See Agent
Sale Price: $425,000
Unit Price: $24.43 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

Currently a well established seasonal bowling alley - open 9 months a year - Closed June - August. Much opportunity to expand current business to a Sports Bar / Gentleman's Club - has Class C bar licence included in the sale.... commercial kitchen on site not being used - Limited menu offering only Burgers and Pizza. Averages monthly sales $30k. Numerous bowling leagues and bowling events during the fall and winter months. Bowling alley has 12 lanes - with new Brunswick lane cleaner ($90K). Large bar area with pool tables and shuffleboard. Sale includes all restaurant equipment, fixtures and inventory. Additionally, 2 adjacent residential parcels of land are being sold with the property. Total acreage is 2.8 with other parcels included

Additional Details

Nearest MSA: Traverse City
County: Roscommon
Tax ID/APN: 0060330160311

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,892 5,088
Median Age: 50.12 51.72
Households: 869 2,403

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