Following a foreclosure, the lender closed the center and sold the liquor license. In Arizona liquor licenses can have significant value and are very liquid. This one raised over $300,000. The real estate was listed for sale at $2,350,000 with a local real estate broker. Although it was marketed as a bowling center, there was little demand at the price being asked since the center no longer generated any revenue. The price was reduced twice and three years later, the property was still unsold with an asking price of $1,690,000.
36 lane center, Arizona
