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3154 State St
Caledonia, NY 14423
Olimbia Theatre · Retail Property For Sale
Investment Highlights
- Over $700,000 invested in property and business upgrades within the last four years.
- Features an event venue with capacity for up to 600 guests, complete with stage, bar areas, and gathering spaces.
- Sale includes land, buildings, and business equipment, creating an opportunity for continued operations or repositioning.
- Includes a 10-lane automated bowling center with bar service, food operations, and amusement games.
- Outdoor areas support additional seating, live entertainment, tournaments, and special events.
- Seller is willing to consider owner financing or a lease-to-own structure for qualified buyers.
Executive Summary
OVER $700k in upgrades in last 4 years! 600 person PARTY HOUSE and BOWLING ALLEY COMBO! Bowling alley can remain or be redeveloped into event center and is prime Remarkable Village opportunity with immeasurable upside for someone who loves event hosting and/or the bowling industry. The sale of land and buildings includes business equipment. OWNER WILLING TO CARRY FINANCING WITH QUALIFIED BUYER or LEASE TO OWN. Sale includes 3156 & 3154 State street, Caledonia, NY. Stated taxes and sq ft include BOTH buildings. 10 Lanes of automated bowling, bar, food service, and amusement games, plus an 600 person event center on Main Street of the village. The event space has a bar, a kitchen(Needs rebuilt), coolers, a stage, and sitting areas. Includes outdoor space for additional seating, music events, corn hole tournaments and gathering space. Bowling alley and event space revenue will increase more with return of leagues and a full-time manager and effort. Owner is willing to coach the buyer on operations and revenue potential. Owner will NOT separate properties. All offers to be submitted via LOI - no GRAR or STATE pre-printed contracts will be entertained.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,084 SF
Building Class
B
Year Built
1950
Price
$899,000
Price Per SF
$111.21
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.52
Lot Size
0.36 AC
Zoning
05
Frontage
57’ on State St
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $396,700 | |
| Land Assessment | $34,300 | Total Assessment | $431,000 |
Property Taxes
Parcel Numbers
Land Assessment
$34,300
Improvements Assessment
$396,700
Total Assessment
$431,000
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