3510 25 Avenue, Vernon, British Columbia V1T 1P3

Fully operational, successful and profitable bowling center on 1.18 acres of prime development property in Vernon BC. Family run business for 50 years and now time to retire. Sale price includes; land, building and business. Terrific opportunity to; continue with an owner operated business; long term lease of the bowling center and get a decent return on you investment, lease the business/building for the short term while you make your redevelopment plans, or remove the building and develop sooner than later. It would be a shame for Vernon to loose this iconic and long standing community use property but the land and redevelopment values now make this property / building and 10,400 building not much more than land value. 14 lane bowling center with liquor license, all required equipment and ""turn key ready"". Lots more info in Matrix supplements. Financial statements will be available soon. Share sale may be available also. (id:27476)

This leasehold property in Vernon, BC, encompasses a fully operational and profitable bowling center situated on 1.18 acres of prime development land. The business has been family-run for half a century and is now being offered for sale, including the land, building, and business itself.

Prospective buyers have several options for the property, including continuing to operate the business under new ownership, leasing the bowling center for the long term to generate a steady return on investment, or temporarily leasing the business and building while making plans for redevelopment. Alternatively, the building could be removed to expedite the development process.

Despite the property's historical significance as a community hub, the increasing value of the land for redevelopment purposes means that the 10,400 square foot building is now worth little more than the land itself. The bowling center features 14 lanes and is equipped with a liquor license, making it a "turn key ready" investment. Additional financial information is available in the Matrix supplements, and potential buyers may also have the option of a share sale.

Currently listed for sale, this property boasts a land size of 1.18 acres and is located at 3510 25 Avenue in the city of Vernon, British Columbia. The postal code for the property is V1T1P3, and it is situated in the community of Lincoln Lanes.