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5120 Canyon Dr
Amarillo, TX 79109
Galaxy Bowl · Retail Property For Sale

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
C
Year Built
1957
Price
$5,250,000
Price Per SF
$78.01
Cap Rate
9.96%
NOI
$522,728
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
5.18 AC
Zoning
LC - Light Commercial
Parking
250 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
303’ 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

Property Taxes

Property Taxes

Parcel Number
R-086-3450-0402-0
Land Assessment
$507,692
Improvements Assessment
$1,252,979
Total Assessment
$1,760,671
  • Listing ID: 29811117

  • Date on Market: 10/17/2023

  • Last Updated:

  • Address: 5120 Canyon Dr, Amarillo, TX 79109

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