Chris Davis, Senior Advisor with SVN | Miller Commercial Real Estate recently brokered the sale of Cherokee Lanes in Salisbury, MD. Chris’ client Cherokee Inc. owned and operated the 20 lane bowling alley for the last 27 years before selling to the buyer Southbound Alley LLC, represented by Matthew Trader of Rinnier Development Company. The venue sold for $1.15 million and the new owners have plans for significant future renovations.
The bowling alley will be renamed from Cherokee Lanes to SouthBound Alley, and in mid-2017 owners plan to remodel the facility and add a new full-service restaurant and bar. “I’m excited to see the bowling alley be transformed into a more modern venue,” stated Senior Advisor Chris Davis. “I can’t wait to bring my family there to experience the new environment they are going to create.”
For more information about this transaction or available properties on the Delmarva Peninsula, contact Chris Davis at email@example.com or call 410-543-2440.
SVN | Miller Commercial Real Estate, with offices in Salisbury, MD, Annapolis, MD, Bethesda, MD, Seaford, DE, and Wilmington, DE is a financial services firm specializing in commercial real estate. We provide advisory, brokerage, consultation, leasing and asset and property management services to clients in Maryland, Delaware, and Virginia. Our day-to-day goals are to consistently provide spectacular customer service, to be on the cutting edge of technology and innovative marketing, and to provide the vision needed to achieve our clients’ real estate investment goals.
SVN | Miller is an Accredited Management Organization® (AMO). Our team includes a highly-trained staff of Certified Property Managers® (CPM®), Brokers who hold the prestigious Certified Commercial Investment Member (CCIM) designation, and members of the Society of Industrial and Office Realtors (SIOR).