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Galaxy Bowl 5120 Canyon Dr

67,295 SF 94% Leased Retail Building Amarillo, TX 79109 $5,500,000 ($82/SF) 9.50% Cap Rate

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Investment Highlights

Leased out by a long-term successful business in Amarillo.
Extremely spacious parking lot.

Right off of Major Highway I-27.

Executive Summary

Strike a deal with this opportunity to own a well established bowling alley. Situated in a great location in fast growing Amarillo, Texas boasting 5.24 Acres and 67,285 sq ft building.

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Bowling Alley

Building Size

67,295 SF

Building Class

Year Built

1957

Price

$5,500,000

Price Per SF

$82

Cap Rate

9.50%

NOI

$522,728

Percent Leased

94%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.30

Land Acres

5.18 AC

Zoning

LC - Light Commercial

Parking

250 Spaces (3.71 Spaces per 1,000 SF Leased)

Frontage

303 FT on I-27 Hwy

Amenities

Freeway Visibility

About 5120 Canyon Dr , Amarillo, TX 79109

Strike a deal with this opportunity to own a well established bowling alley. Situated in a great location in fast growing Amarillo, Texas boasting 5.24 Acres and 67,285 sq ft building. Owners have made huge investment in improvements. Solid cash flow, improving since the Covid shut downs. This bowling alley boasts a modern and meticulously maintained facility featuring 52 high quality lanes ,included 6 VIP Lanes, equipped with automatic scoring systems, stylish seating arrangements and cutting edge lighting and sound technology. A fully equipped food area/ sports bar and a full liquor license is included with this great investment. Includes Arcade, all machines owned by owner, also modern Laser Tag facility. Western Bowl has a long term history of profitable operation. Great investment opportunity. Please call or email for more details. Investment Highlights 52 well maintained bowling lanes, 30 lanes are newly replaced, pin machines certified by PBA bowling league. Fully equipped Sports Bar Large Arcade ,owner owns all machines. Office Space 2 more fully equipped bars. Modern Laser Tag Facility. 5.24 acre prime real estate lot, lots in this area have been selling for 10-12$ per sq. ft. Traffic Count on I-27 and Western 39,000