Franklin Lanes - Franklin St, 1801 W/#2222

Retail-Commercial for Sale
Catylist Listing ID: 29700962
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 22,080 SF
Gross Land Area: 1.09 Acres
Sale Price: $950,000
Unit Price: $43.03 PSF
Property Use Type: Vacant/Owner-User
Building Name: Franklin Lanes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

A well-established business in the heart of the west side of Evansville. Known throughout Indiana as a premiere bowling facility for 6 generations, it has created some of the greatest bowlers in the tri-state area. Franklin Lanes provides 20 bowling lanes with dining, grill and bar area for entertainment, parties or just a place to relax.

Full financials provided to qualified buyers only. Must schedule showing appointments.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $9,535 (Annual)
Tax Value Land $110,000
Tax Value Improvements $195,800
Tax Value Personal Property $600,000

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-05-24-030-065.004-029
Zoning: M-3
Market Type: Medium
Retail Clientele: Recreation
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 190
Transportation: Bus, Highway, Airport, Taxi
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1950
Year Renovated: 1996
Roof Type: Domes
Construction/Siding: Brick, Concrete, Metal/Glass, Metal Siding, Wood Frame
Total Parking Spaces: 180
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Zoning Description: M-3
Easements: Ingress/Egress

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,451 59,875 125,391
Median Age: 38.11 37.5 37.46
Households: 3,456 25,265 51,366
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