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    1290 Main St Lander, WY 82520

    For Sale
    $1,300,000

    Iconic Wyoming Bowling Alley, Turnkey Operation

    Property size:
    13,276 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional business opportunity presents the chance to acquire Silver Spur Lanes & Lounge, a well-established and profitable bowling alley located at 1290 Main St, Lander, Wyoming, 82520. Established in 1960, this iconic Fremont County landmark occupies a 0.9-acre lot and encompasses 13,276 square feet across two single-story buildings. The property features 12 bowling lanes, a fully licensed bar and lounge with a drive-thru liquor store, and an on-site snack bar, all contributing to consistent revenue streams. A full bowling league roster ensures year-round activity, supplemented by regular lounge clientele. The sale includes all fixtures, furniture, and equipment (FF&E), along with backup supplies, ensuring a seamless transition for the new owner. The property benefits from a robust security system with 19 cameras, smoke filters in the lounge, and recent upgrades including a new AC and furnace. The business also holds both on-premises and off-premises liquor licenses, opening up additional catering opportunities. This turnkey operation offers a strong 5.87% cap rate with a Net Operating Income (NOI) of $76,309 and an asking price of $1,300,000 ($97.92 per square foot). The property is zoned for commercial use and presents a unique blend of entertainment and investment potential within a thriving community. This is a rare opportunity to own a piece of Wyoming history and a successful, established business.

    Property Features for 1290 Main St

    General Information

    Property type
    Investment properties
    Square Feet
    13,276 SF
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1960
    Buildings
    2
    Stories
    1
    Units
    1

    HighLights

    • Established in 1960, this iconic Fremont County bowling alley offers a turnkey operation.
    • Features a full on‑premises liquor license, off‑premises catering license, and a drive‑thru liquor store.
    • Boasts a full bowling league roster and consistent snack bar and lounge income streams.
    • Includes all FF&E, backup equipment, and supplies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lander
    County
    Fremont
    State
    Wyoming
    Longitude
    -108.74456095
    Latitude
    42.83936592

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    FAQs

    What type of property is this?
    Investment property - Iconic Wyoming Bowling Alley, Turnkey Operation
    Where is this investment property located?
    The property is located at 1290 Main St Lander, WY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Established in 1960, this iconic Fremont County bowling alley offers a turnkey operation.; Features a full on-premises liquor license, off-premises catering license, and a drive-thru liquor store.; Boasts a full bowling league roster and consistent snack bar and lounge income streams.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1290 Main St Lander, WY 82520
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