Bank scores strike with sale of repossessed bowling alley
Palm Beach Community Bank scored a strike with the sale of a repossessed bowling alley for a profit, but the facility near Lake Worth may have seen its final frame.
The West Palm Beach-based bank seized the 59,777-square-foot property at 6591 S. Military Trail in July 2014 after foreclosing on Palm Beach Strike Zone’s $3 million mortgage. The bank recently sold it for $3.275 million to Military Self Storage LLC. Given the name of the buyer, it apparently has other plans for the 6.2-acre site than…