46 lane center, Michigan

46 lane center, Michigan

Between 1976 when it was built and 1994 this building was used for West Bloomfield Lanes, a 46 lane bowling center.  Following its sale, it was converted into a 41,336 square foot retail store and leased to Barnes & Noble.  
54 lane center, California

54 lane center, California

This 51,826 square foot building on 3.56 acres was built for a 54 lane bowling center adjacent to a shopping mall on a busy intersection.  It was converted into a multi-tenant commercial space that currently leases to 24 Hour Fitness, a Japanese restaurant, Verizon...
36 lane center, Michigan

36 lane center, Michigan

This was a 36 lane bowling center but had limited revenue potential since Royal Oak did not allow liquor licenses within its boundaries.  The 1961 vintage building consists of 27,267 square feet on 2.25 acres.  It was sold for $1,970,000 and converted into retail...
32 lane center, Oregon

32 lane center, Oregon

This bank was concerned about the potential liability from alcohol sales, so the center reopened for bowling but without a liquor license.  In Oregon the state licenses video poker machines, which can be very profitable but are not available to businesses that do not...
36 lane center, Arizona

36 lane center, Arizona

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...
24 lane center, Oklahoma

24 lane center, Oklahoma

This center was purchased by a first time owner and, after a series of management errors, was given to the bank through a deed-in-lieu of foreclosure.  The borrowers closed the center, the utilities were shut off for non-payment, the building was extremely dirty, and...