8125 State Route 12
Barneveld, NY 13304
Retail Property For Sale

If you were presented with an excellent opportunity to purchase a thriving 8,982 sq. ft. family entertainment facility with 8 bowling lanes, a 49-seat diner, a fully-licensed bar, an outdoor volleyball pit with 2 courts, and 70 parking spaces with 1.99 acres to expand…would it peak your interest? How about a property situated at a high visibility intersection of two highways (State Rt 12 and Hwy 28) with an AADT (annual average daily traffic) volume of 14,180 vehicles passing in front of the property daily? How about a parcel with easy ingress and egress, no obstruction to signage, and 500 feet of frontage on State Rt 12, the primary route to the Adirondacks and North Country from the Mohawk Valley? Now, let’s consider this same property with the popular Penn Mountain Snowmobile Trail running through it and situated along the Mapledale Business Corridor with existing national brands like Rite Aid, Dunkin Donuts, Subway and Budget Inn nearby. Let’s add to our scenario; a draw area of 14,000 people living within 3 miles of the location and another 61,000 people living in Utica,12 miles away. Sound interesting? How would you maximize an investment like this? Would you leverage the existing family-entertainment business by adding features like a rock climbing wall, bocce ball, laser tag, open-air seating and a large party room… or would you redevelop the site to take advantage of its great location and visibility to jump into a retail franchise. Perhaps one of the fast-casual franchises like a Pizza Restaurant, Five Guys Hamburger and Fries, Jimmy Johns Gourmet Sandwich Shop or a Panera Bread? Whichever investment strategy strikes a chord, you will find the local demographics equally promising. The median age within the property’s 3 mile radius is 42 years and 34 years of age just 12 miles away. Local household income increased 47% since 2000 as did housing values seeing a 51% uptick during that same time period. Traffic at this Hwy 12/28 crossroad also grew from just under 5,314 in 2010 to 14,180 in 2017, a 141% increase. With the New York annual per capita disposable income up 18% between 2010 and 2017, the general outlook for this type of business is encouraging. Taking a closer look inside the facility, you’ll find a vintage bowling alley with wood lanes and Brunswick ball returns, a short-order diner with homestyle cooking and 12-seat bar. The facility has been the center of the town’s social life for the past 25 years, yielding a steady income stream as the only bowling alley within the local trade area. The next closest competitor is 15 miles away. The business has become a valued part of the educational community as well, hosting Holland Patent, Remsen and Poland school districts’ youth bowling clinics and providing a scholarship program through its Adirondack Lanes Youth Bowlers Association. When you consider the average person spends 45 minutes to 2.5 hours in this facility… you can imagine leveraging this loyalty factor with a modernized family entertainment center filled with additional entertainment/sports activities. According to a report by bowling.com, the average bowling alley can expect to make approximately $36,750 per lane annually with open play add-ons such as “glow-in-the-dark” late night bowling, birthday parties and corporate parties. The industry is currently in a rebuilding stage with investments in large, modern family entertainment centers fueling the industry’s projected growth of 2.7% to $4.0 billion over the next five years. According to the report, well-run facilities can expect operating cash flows from 25%-33% of gross revenue. If you’re an investor that takes pride in knowing a great deal when you see it, you don’t want to miss 8125 State Hwy 12 in Barneveld, NY. Be a part of something great….invest in the future of Barneveld and leave your legacy for future generations. Call Robin Mongeau for your private tour of the property today at (315) 896-1009.