641 Columbia AveConnell, WA 99326

For Sale
$399,000 View listing
  • Bowling alleys
  • 5,900 SF

Property Details for 641 Columbia Ave

Year built
1950
Lot size
0.39 AC
Property size (Sq ft)
5,900 SF
Property type
Bowling alleys
APN
109861036
APU
109861036

Description

This exceptional retail property located at 641 S Columbia Ave, Connell, WA, presents a unique investment opportunity. Priced at $399,000, this 0.39-acre site houses Connell's only bowling alley, a thriving eight-lane facility complete with a fully operational concession stand. The property's significant draw is further enhanced by a separately leased fast-food restaurant situated at the front of the building, ensuring a consistent stream of revenue. This long-term tenant adds stability and predictability to the investment, making it an attractive proposition for savvy investors seeking a diversified income stream. The bowling alley itself offers significant potential for growth and expansion, catering to the local community's recreational needs. The combined operation of the bowling alley and the established restaurant creates a vibrant hub for social gatherings and entertainment within the town. This turnkey business is ready for a new owner to step in and capitalize on its existing success. The property's strategic location and the unique nature of the business make it a truly rare find in the Connell market. The sale includes the bowling alley, concession stand, and the existing lease agreement with the fast-food restaurant. This is an unparalleled chance to acquire a well-established and profitable business in a desirable location. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,376,085
    Hospitality
    $1,260,486
    Educational
    $1,048,710
    Medical
    $1,084,776
    Retail
    $1,631,326
641 Columbia Ave, Connell, Washington

Location Insight

City
Connell
County
Franklin
State
Washington
Latitude
46.6554
Longitude
-118.862
CBSA code
28420
CBSA name
KENNEWICK-RICHLAND-PASCO, WA METROPOLITAN 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
2021
$1,974
$51,800
$196,100
$247,900
-
$51,800
$196,100
$247,900

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