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Donn Allen's Crosley Lanes 2400 E Evergreen Blvd 40,002 SF Retail Building Vancouver, WA 98661 $8,188,630 CAD ($204.71 CAD/SF)
Investment Highlights
- 2.80 acres located within a federally designated Opportunity Zone – offering significant tax benefits for investors.- EXP 12-31-2026
- 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 (expires 12/31/2026). 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)
This property, currently operating as a bowling alley, presents a rare development opportunity within a federally designated Qualified Opportunity Zone (expires 12/31/2026). 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
$8,188,630 CAD
Price Per SF
$204.71 CAD
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 - Expires 12-31-2026
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)
Nearby Major Retailers
Property Taxes
| Parcel Number | 030872-000 | Improvements Assessment | $2,355,031 CAD |
| Land Assessment | $2,567,812 CAD | Total Assessment | $4,922,843 CAD |
Property Taxes
Parcel Number
030872-000
Land Assessment
$2,567,812 CAD
Improvements Assessment
$2,355,031 CAD
Total Assessment
$4,922,843 CAD
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Donn Allen's Crosley Lanes | 2400 E Evergreen Blvd
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