Property profile

38530 State Route 37 Theresa, NY 13691

FOR SALE
Bowling alleys
Property ID
US63-1245920
10,300 SF 2.2 ac lot Built 1962
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey business opportunity in Theresa, NY, presents a fully renovated bowling alley situated on a spacious 2.2-acre lot. Boasting over 10,300 square feet of space, this entertainment venue has undergone a complete renovation exceeding $1,000,000 in investment. All systems are brand new, including a propane furnace, air conditioning, roofing, kitchen, and gleaming wood bowling lanes. Beyond bowling, the facility hosts live bands and comedy shows, creating a vibrant atmosphere for all ages. A fully operational kitchen and well-stocked bar provide additional revenue streams, serving a delicious menu and a variety of drinks. The prime location on State Route 37 ensures excellent visibility and accessibility, establishing it as a local favorite and destination point. This thriving business is ready for immediate operation, allowing the new owner to focus on growth and expansion within this established community hotspot. The property's extensive renovations eliminate the need for immediate capital expenditures, offering a unique opportunity for immediate profitability. This is a rare chance to acquire a fully operational and profitable entertainment business in a desirable location.

Property profile

Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1962
Total area 10,300 SF
Lot 2.2 ac (95,832 SF)
APN 225689 23.13-1-11
UPID US63-1245920

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

38530 State Route 37 Theresa, NY 13691
Theresa metro Census 60700 WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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