19600 Woodward Ave Detroit, MI 48203-1528

This exceptional investment opportunity presents a 41,380 square foot, free-standing building situated on a 2.59-acre lot in Detroit, Michigan. Originally constructed in 1943 and renovated in 2000, the property boasts a thriving 40-lane bowling center, currently operating at 50% occupancy, offering significant upside potential. Included in the sale are three valuable liquor licenses. The property features two buildings, with ample parking for 126 vehicles. The B4 zoning allows for diverse retail uses, expanding possibilities beyond the existing bowling alley. The location on Woodward Avenue sees 23,689 vehicles daily, and is within three miles of a population of 131,000. This presents a unique chance to acquire both the established business and the real estate, creating a lucrative investment in a high-growth area. The property's size and zoning offer flexibility for expansion or repurposing the second building into additional entertainment or retail space. The asking price is $2,500,000, with a land value of $60.42 per square foot. This is a rare opportunity to own a significant piece of Detroit's commercial landscape. The property's address is 19600 Woodward Ave, Detroit, MI 48203. APN: 01009831-2.