850 Foote Ave Jamestown, NY 14701-9524
- Bowling alleys
- 23,085 SF
- 1.96 lot acres
Current Use by Public Records
- ATM / Atm
- Jamestown Bowling Co / Bowling Alley
- Game Time Sports Bar & Grill / Bar & Grill / Bar
Property Details for 850 Foote Ave
- Year built
- 1960
- Lot size
- 1.96 lot acres
- Property size
- 23,085 SF
- Property type
- Bowling alleys
- APN
- 060800 404.08-5-15
- APU
- 6080040408515
Description
This exceptional opportunity presents a thriving, established entertainment complex in Jamestown, NY. The property encompasses a well-regarded bowling alley and a popular sports bar/restaurant, operating seamlessly together under one roof. Located at 850 Foote Ave, this 23,085 square foot facility sits on a 1.96-acre lot, providing ample space for both indoor and potential outdoor expansion. The bowling alley caters to a diverse clientele, hosting youth and adult leagues, birthday parties, and corporate events, ensuring consistent revenue streams. The Gametime Sports Bar and Grill is a community favorite, known for its diverse menu, nightly specials, and lively atmosphere, perfect for catching sporting events or enjoying a night out. Significant upgrades have been implemented within the past five years to enhance both the bar and the bowling alley, optimizing customer experience and operational efficiency. This turnkey operation is currently open seven days a week and presents a strong financial foundation for a new owner. The current owner is willing to provide transitional support and is open to exploring creative financing options for qualified buyers. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $550,000
- 6.5%
- $475,000
- 7%
- $490,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $505,000
- Mixed-Use
- $520,000
- Hospitality
- $520,000
- Educational
- $575,000
- Residential Income
- $455,000
- Energy
- $425,000
- Income-Based Land
- $500,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Longitude
- -79.2272
- Latitude
- 42.0769
- CBSA code
- 27460
- CBSA name
- JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA
