For Sale
$395,000

47715 Or-58Oakridge, OR 97463

Established Bowling Alley, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional opportunity presents a well-established bowling alley in Oakridge, Oregon, for sale at $395,000. The 8,400-square-foot, single-story building sits on a 0.61-acre lot and boasts nine operational bowling lanes meeting IBA standards, complete with automatic pinsetters and scoring systems. Built in 1964 and renovated in 2002, the concrete building features an all-metal roof and is in excellent condition. The classic 1960s theme creates a nostalgic atmosphere. The property includes a currently leased on-site restaurant operating during bowling hours, along with leased pinball and pool tables operating on a 50/50 revenue split. Additional income streams are generated from personal lockers for rent and a beer and wine license. There's also potential for adding state lottery services. The property is zoned C-3 and is currently operating part-time, offering significant upside for a new owner to expand hours and services, capitalizing on the potential to become Oakridge's premier entertainment destination. While detailed financial information from the past year is unavailable, the current operator has been paying $1,800 monthly under a land sale contract with a remaining balance of $300,000. Monthly utilities average approximately $1,000. Most restaurant equipment is included in the sale. Fixtures belonging to the current owner, restaurant owner, and vending machine owner are excluded. This is a rare chance to acquire a turnkey operation significantly below replacement cost. The opportunity requires an operator who can secure suitable financing and has the ambition to maximize this location's potential.

Highlights

  • Land sale contract with $1,800 monthly payment and $300,000 remaining balance.
  • Approximate $1,000 monthly utility costs.
  • Most restaurant equipment included; other fixtures excluded.
  • Summer operating hours: 5 PM to 10 PM, five days a week.
  • Requires operator with financing and vision to establish a community hub.

Property Details for 47715 Or-58

Property type
Land
Square Feet
8,400 SF
Class
C
Year Built/Renovated
1964/2
Buildings
1
Stories
1
Lot Size (sq. ft)
26,572 SF
Units
1

Location Insight

City
Oakridge
County
Lane
State
Oregon
Latitude
43.746319529338
Longitude
-122.48057744194
47715 Or-58, Oakridge, Oregon

FAQs

What type of property is this?
Land - Established Bowling Alley, Huge Potential
Where is the land located?
The property is located at 47715 Or-58 Oakridge, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Land sale contract with $1,800 monthly payment and $300,000 remaining balance.; Approximate $1,000 monthly utility costs.; Most restaurant equipment included; other fixtures excluded.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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47715 Or-58
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