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Property profile & analytics
OFF-MARKET
Bowling alleys

939 5th St Delphos, OH 45833-1517

15,149 SF 1.3 ac lot Built 1956
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-2299984
Property summary
AI-generated overview

This exceptional investment opportunity presents a profitable, established bowling alley in Delphos, Ohio. The 15,000 square foot building sits on a 1.3-acre lot and houses the Delphos Recreation Center, currently operating successfully. The facility boasts 13,331 square feet dedicated to the bowling alley, complete with a kitchen and bar area, plus an additional 1,818 square feet of valuable storage space. Recent significant upgrades within the past year enhance the property's appeal and operational efficiency. These improvements include new flooring and ceilings throughout, updated tables and chairs in the seating areas, a modernized scoring system for a seamless customer experience, and substantial exterior enhancements such as new fencing and gazebos. The kitchen has also received new equipment and supplies, and the bowling alley itself features a fresh backdrop. This turnkey operation offers a rare chance to acquire a well-maintained, high-performing business with significant recent investment already made. The property's size and existing infrastructure provide ample room for expansion or further development, presenting a compelling opportunity for significant return on investment. The asking price is $1,350,000.

Property profile
Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1956
Total area 15,149 SF
Lot 1.3 ac (56,628 SF)
APN 25-1912-05-003.000
UPID US66-2299984
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
  • Delphos Bowling & Recreation Center 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
Bruce Van Metre · 2 yrs held
Bruce Van Metre
since 2024
4 recorded transactions
2024
Price N/A
2023
$450,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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