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Donn Allen's Crosley Lanes 2400 E Evergreen Blvd 40,002 SF Retail Building Vancouver, WA 98661 $5,990,000 ($149.74/SF)

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INVESTMENT HIGHLIGHTS

  • 2.80 acres located within a federally designated Opportunity Zone – offering significant tax benefits for investors.
  • Current improvements include a large-format bowling alley building, and cell tower with ample parking.
  • Flexible redevelopment potential, suitable for multi-family, retail, or mixed-use development (subject to zoning).
  • Strategic mixed-use setting surrounded by residential communities and small businesses.
  • Cell tower with monthly income.
  • High-visibility location with strong long-term growth prospects.

EXECUTIVE SUMMARY

Multi Family Mixed Use High-Potential Redevelopment in Opportunity Zone
This property, currently operating as a bowling alley, presents a rare development opportunity within a federally designated Qualified Opportunity Zone. Surrounded by a mix of residential neighborhoods and small businesses, the site offers exceptional redevelopment potential with access to significant tax incentives.
Sales Price: $5,990,000 (including cell tower lease)

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Bowling Alley
Building Size
40,002 SF
Building Class
C
Year Built
1950
Price
$5,990,000
Price Per SF
$149.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
2.80 AC
Opportunity Zone
Yes
Zoning
C3 - Rezoning to be approved early 2022 - Opportunity Zone
Parking
150 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
437’ on Evergreen Blvd

AMENITIES

  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Allen's Crosley Lanes
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • Interstate Lanes
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Allen's Crosley Lanes Arts, Entertainment, and Recreation - - -
Interstate Lanes Arts, Entertainment, and Recreation - - -
Walk Score®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Pure Barre
Starbucks
Fred Meyer
Red Robin
Walmart Neighborhood Market
Black Rock Coffee Bar
TacoTime
Black Angus Steakhouse
Columbia Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030872-000
Land Assessment
$1,878,360
Improvements Assessment
$1,722,710
Total Assessment
$3,601,070
  • Listing ID: 38319963

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 2400 E Evergreen Blvd, Vancouver, WA 98661

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