03 Sep Stateline Speedway For Sale by Michael McVinney
This is Your Chance to Own a Piece of Racing History!
The New Stateline Speedway is on the market and looking for new ownership to carry on the long tradition of racing excitement! It isn’t every day that an engine revving opportunity like this comes along, and this is most certainly not an ordinary piece of real estate! It is a Busti, NY landmark, a part of the Chautauqua Lake community, and a place where families and motor car enthusiasts come to enjoy thrilling action on the weekend.
This semi-banked oval track, which is 1/3 of a mile long and has a clay surface, hosts a variety of racing events on Saturday nights from May through Labor Day. The track hosts several race classes, ranging from super late models and stock car racing to compacts and kart racing. Race day is always exciting!
The Stateline Speedway held its first races in 1956, and even a NASCAR race back in 1958. To get a sense of the rich history of the Stateline Speedway, visit the website statelinelegacy.org. This website hosts an extensive archive of photographs and media dating back to the early days of the race track.
The track last changed ownership in 2015 when it was relaunched as the New Stateline Speedway. The current ownership has made a number of improvements to the facility, that include upgraded grandstand seating for spectators. There are the usual amenities for a sporting venue, and on race day food vendors keep the guests well fed.
This is an ideal property for a racing enthusiast with marketing and business skills. Classed as a Value Add property, you will definitely have a wide scope to make even more improvements. You could consider adding new events and race classes to attract even more spectators. What about drag racing, Motocross, and BMX? With a total of 97 acres, you could also consider offering weekend camping sites, farmer’s markets, live music events, vintage car shows, and much, much more.
The sale will include most fixtures, fittings, and equipment. An inventory is available on request. For more information on the sale of Stateline Speedway.
Other articles that may be interesting… “Screening Tenants for a Rental Property: What to Look for,” “7 Benefits of Renting Shared Office Space,” “Beginners Guide to Real Estate Investing – How Best to Evaluate a Potential Rental Property,” “Real Estate Investing – Renovation on a Budget.“
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