38530 State Route 37Theresa, NY 13691

  • Bowling alleys
  • 10,300 SF
For Sale
$850,000 View listing

Property Details for 38530 State Route 37

Year built
1962
Lot size
2.20 AC
Property size (Sq ft)
10,300 SF
Property type
Bowling alleys
APN
225689 23.13-1-11
APU
2256892313111

Description

This exceptional turnkey business opportunity in Theresa, NY, presents a fully renovated bowling alley situated on a spacious 2.2-acre lot. Boasting over 10,300 square feet of space, this entertainment venue has undergone a complete renovation exceeding $1,000,000 in investment. All systems are brand new, including a propane furnace, air conditioning, roofing, kitchen, and gleaming wood bowling lanes. Beyond bowling, the facility hosts live bands and comedy shows, creating a vibrant atmosphere for all ages. A fully operational kitchen and well-stocked bar provide additional revenue streams, serving a delicious menu and a variety of drinks. The prime location on State Route 37 ensures excellent visibility and accessibility, establishing it as a local favorite and destination point. This thriving business is ready for immediate operation, allowing the new owner to focus on growth and expansion within this established community hotspot. The property's extensive renovations eliminate the need for immediate capital expenditures, offering a unique opportunity for immediate profitability. This is a rare chance to acquire a fully operational and profitable entertainment business in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,903,813
    Hospitality
    $1,743,882
    Educational
    $1,450,890
    Medical
    $1,500,788
    Retail
    $2,256,940

Location Insight

City
Theresa
County
Jefferson
State
New York
Latitude
44.2264
Longitude
-75.8201
CBSA code
48060
CBSA name
WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$56,000
$233,000
$289,000
-
$64,368
$267,816
$332,184

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