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Spare Time Bowling 2850 William St 12,420 SF 100% Leased Retail Building Buffalo, NY 14227 $895,000 ($72.06/SF) 8.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Central to all of WNY
- Many other uses for the building
- Strong NOI
- Immediate access to I-90
EXECUTIVE SUMMARY
Existing, successful, operational bowling alley with restaurant and bar. Long standing leagues, ample on site parking. Well maintained with newer roof and mechanicals. Owner retiring. Great building for many retail uses!! Room for expansion or outdoor patio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
12,420 SF
Building Class
C
Year Built
1957
Price
$895,000
Price Per SF
$72.06
Cap Rate
8.72%
NOI
$78,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
1.25 AC
Zoning
05C - Commercial
Parking
50 Spaces (4.03 Spaces per 1,000 SF Leased)
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| William Street | Manko Dr, W | 31,933 | 2020 | 0.04 mi |
| William St | Manko Dr, W | 29,324 | 2022 | 0.04 mi |
| William St | Ceil Dr, W | 28,245 | 2022 | 0.13 mi |
| Ludwig Ave | William St, SE | 6,990 | 2022 | 0.17 mi |
| I- 90 | William St, NE | 32,800 | 2022 | 0.23 mi |
| New York State Thruway | Clinton St, S | 7,749 | 2018 | 0.24 mi |
| William St | I- 90, NE | 6,837 | 2022 | 0.26 mi |
| William St | Tamark Ct, W | 13,712 | 2022 | 0.31 mi |
| William St | Cayuga Creek Rd, SW | 32,389 | 2019 | 0.36 mi |
| William St | Union Rd, NE | 31,293 | 2022 | 0.37 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 143089-113-150-0001-001-000 | Improvements Assessment | $210,000 |
| Land Assessment | $185,000 | Total Assessment | $395,000 |
PROPERTY TAXES
Parcel Number
143089-113-150-0001-001-000
Land Assessment
$185,000
Improvements Assessment
$210,000
Total Assessment
$395,000
MAP
ADDITIONAL PHOTOS
bar and seating
bar front
restaurant seating
lanes
lanes 2
back of bar
pole sign
pro shop 2
pro shop
rear building
building side view
yard
rear view
access to back
ball return
full back
coolers
dish washer
grill
ice machine
main cooler
overhead door
rear hear
restroom
storage room
front side
expansion space
plaza