47715 Or-58 Oakridge, OR 97463

Property Details for 47715 Or-58

Year built

1964

Lot size

0.61 lot acres

Property size

8,400 SF

Property type

Land

Description

This exceptional opportunity presents a well-established bowling alley in Oakridge, Oregon, for sale at $395,000. The 8,400-square-foot, single-story building sits on a 0.61-acre lot and boasts nine operational bowling lanes meeting IBA standards, complete with automatic pinsetters and scoring systems. Built in 1964 and renovated in 2002, the concrete building features an all-metal roof and is in excellent condition. The classic 1960s theme creates a nostalgic atmosphere. The property includes a currently leased on-site restaurant operating during bowling hours, along with leased pinball and pool tables operating on a 50/50 revenue split. Additional income streams are generated from personal lockers for rent and a beer and wine license. There's also potential for adding state lottery services. The property is zoned C-3 and is currently operating part-time, offering significant upside for a new owner to expand hours and services, capitalizing on the potential to become Oakridge's premier entertainment destination. While detailed financial information from the past year is unavailable, the current operator has been paying $1,800 monthly under a land sale contract with a remaining balance of $300,000. Monthly utilities average approximately $1,000. Most restaurant equipment is included in the sale. Fixtures belonging to the current owner, restaurant owner, and vending machine owner are excluded. This is a rare chance to acquire a turnkey operation significantly below replacement cost. The opportunity requires an operator who can secure suitable financing and has the ambition to maximize this location's potential.