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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    508 2nd NW Ave, Arlington, MN 55307-2160

    Entity Owned 12-yr Hold Free & Clear
    Property ID
    US46-2381867
    Property summary
    AI-generated overview

    This unique 7,000 square foot property located at 508 2nd Avenue NW in Arlington, Minnesota, presents a compelling investment opportunity. Currently operating as a six-lane bowling alley, the facility offers a turnkey entertainment business or a blank canvas for redevelopment. The bowling alley boasts automatic scoring and bumpers, catering to bowlers of all skill levels. Year-round tournaments and leagues, including children's leagues, generate consistent activity. The venue also features a full bar, dart boards, a pool table, and televisions showing sporting events, creating a diverse entertainment experience. A limited food menu, including hot dogs, pizza, and nachos, complements the beverage offerings of beer and soda. The property's central Arlington location ensures high visibility and accessibility. This versatile space offers significant potential for a new owner, whether continuing the existing entertainment business or pursuing a complete renovation for alternative commercial use. The asking price is $250,000. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 31.0678.000
    UPID US46-2381867
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Double Tap Bowling and Sports Bar Bowling Alley
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Woehler Properties LLC · 12 yrs held
    Woehler Properties LLC
    since 2014
    1 recorded transaction
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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