27120 92nd Ave NW - Bowling Alley FOR SALE


Stanwood, WA 98292
$1,000,000 USD
503-200-2061
27120 92nd Ave NW, Stanwood, WA for Sale
$1,000,000 USD
Bowling Alley - FOR SALE
1/15
null | 12.5% Cap Rate

27120 92nd Ave NW
Stanwood, WA 98292


OVERVIEW

MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET TWIN CITY LANES AND TROPHY, this owner/user bowling facility in Stanwood, WA, offers a unique opportunity for revitalization or repurposing. Located on a 0.72-acre lot with a total area of 7,700 square feet, the property is zoned under MB2 (Mainstreet Business 2), allowing for a diverse range of commercial uses such as retail, offices, and personal services. This zoning promotes an active pedestrian environment, which aligns well with the property’s strategic location. It is shadow-anchored by major grocery stores like QFC and Grocery Outlet, enhancing visibility and accessibility. Additionally, its proximity to Heritage Park, a popular recreational area in Stanwood, adds to its appeal by attracting local and visiting patrons. Originally known as Twin City Lanes and Trophy, the facility has a rich history, having been built in 1959 and renovated in 1969. While currently operating as a bowling facility the property is operating under owner-user, presenting an opportunity for an owner-user to either revive its original purpose or explore alternative uses that align with the community’s needs. The property’s location and zoning make it an attractive option for businesses seeking to capitalize on the area’s foot traffic and community engagement. With the potential to purchase the business as well, this site offers a comprehensive package for entrepreneurs looking to establish a presence in Stanwood’s vibrant Mainstreet Business district. STRATEGIC LOCATION The property is strategically located near major grocery stores like QFC and Grocery Outlet, enhancing its visibility and accessibility. Its proximity to Heritage Park, a popular recreational area, further increases its appeal by attracting both local and visiting patrons. FLEXIBLE ZONING Zoned under MB2 (Mainstreet Business 2), the property allows for a variety of commercial uses, including retail, offices, and personal services. This flexibility in zoning promotes an active pedestrian environment and offers multiple opportunities for business development. COMMUNITY SETTING Situated in a community-oriented location, the property benefits from being part of Stanwood’s vibrant Mainstreet Business district. This setting fosters a strong sense of community engagement, making it ideal for businesses that thrive on local interaction. REVITALIZATION OPPORTUNITY With a rich history as Twin City Lanes and Trophy, the facility offers significant potential for revitalization or repurposing. Whether maintaining its original use as a bowling facility or exploring new business ventures, the property presents a compelling opportunity for an owner-user to create a thriving business in a prime location.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

12.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bowling Alley

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,340 SF

ZONING

MB2

APN/PARCEL ID

320324-004-123-00

ASK ABOUT THIS PROPERTY

Joseph DabushMarcus & MillichapMore Info
503-200-2061

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Joseph DabushMarcus & MillichapMore Info
503-200-2061

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.