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    OFF-MARKET
    Bowling alleys

    948 Broadway 958, Woodmere, NY 11598-1734

    13,842 SF 0.78 ac lot Built 1948
    Entity Owned ~ Est. High Equity
    Property ID
    US63-1464399
    Property summary
    AI-generated overview

    This exceptional 40,681 square foot retail property, situated on a 0.87-acre lot in Woodmere, NY, presents a unique investment opportunity. Boasting 191 feet of frontage on Broadway, this landmark location has thrived since 1948. The property currently houses five established businesses: two retail units, a culinary school, a state-of-the-art bowling alley, and a bustling nightclub. The expertly maintained building features high ceilings, a full basement, and ample parking with two on-site lots and municipal parking directly across the street. Convenient public transportation is also available just a block away. This prime development site offers significant growth potential. The bowling alley and nightclub are negotiable and can be delivered vacant, providing flexibility for future development or continued operation. The property's long-standing success and prime location make it an ideal investment for both developers and seasoned investors seeking a high-return opportunity in a thriving community. The beam and block construction ensures durability and longevity. This is a rare chance to acquire a substantial retail center with a proven track record and immense potential for future expansion and increased profitability.

    Property profile
    Verified
    Property type Bowling alleys
    Use group BOWLING ALLEY
    Year built 1948
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 13,842 SF
    Lot 0.78 ac (34,064 SF)
    APN 39-221-00-0221
    UPID US63-1464399
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Cbh Properties INC
    Cbh Properties INC
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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