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Renaissance Bowling Center 19600 Woodward 41,380 sq ft 100% Let Retail Property Detroit, MI 48203 £1,363,327 (£32.95/sq ft)
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 Occupier
Property Type
Retail
Property Subtype
Property Size
41,380 sq ft
Costar Property Class
C
Year Built
1960
Price
£1,363,327
Price per sq ft
£32.95
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.55
Total Plot Size
1.74 ac
Opportunity Zone
Yes
Use Class
B4 - B4-Business District
Parking
200 Spaces (4.83 Spaces per 1,000 sq ft Leased)
Frontage
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-096-02-0424-003 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £299,477 |
Property Taxes
Parcel Number
46-096-02-0424-003
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£299,477
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Renaissance Bowling Center | 19600 Woodward
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