Renaissance Bowling Center | 19600 Woodward
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Renaissance Bowling Center 19600 Woodward
41,380 SF 100% Leased Retail Building Detroit, MI 48203 £1,422,018 (£34/SF)
Investment Highlights
- 41,380 SF free-standing building, 40-lane bowling center
- Three (3) valuable liquor licenses included
- Currently at 50% occupancy, promising growth potential
- Business and real estate for sale as a package
- Excellent location on Woodward Ave - 23,689 vehicles per day, Population of 131,000 within 3 miles
- 2.59-acre site with additional parking land
Executive Summary
This 41,380 SF, B4-zoned free-standing building, originally established in 1943 and renovated in 2000, offers a lucrative proposition in the thriving Detroit market. The property features a successful 40-lane bowling center and encompasses both the business and real estate on a sizeable 2.59-acre site with ample parking. The current 50% occupancy status provides ample room for growth and expansion and an opportunity to re-purpose the second vacant building into an event, gaming, or entertainment venue. Don't miss the chance to capitalize on this thriving asset with endless potential for development and profit.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
41,380 SF
Building Class
C
Year Built
1960
Price
£1,422,018
Price Per SF
£34
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.55
Land Acres
1.74 AC
Opportunity Zone
Yes
Zoning
B4 - B4-Business District
Parking
200 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
451 ft on Woodward
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 46-096-02-0424-003 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £292,067 |
PROPERTY TAXES
Parcel Number
46-096-02-0424-003
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£292,067
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Matt Schiffman -
Daniel Blugerman -
P.A. Commercial, LLC
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Renaissance Bowling Center | 19600 Woodward
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