Listed by LC Real Estate Group
$15/SF/YR
The Foundry Theater
Building Details
Property Type Retail, Office
Sub Type Executive Office, Movie Theater
Tenancy Multiple
Lease Type NNN
Total Building SqFt 30,150
Vacant SqFt 6,150
Total Parking Spaces Approx. 460 Space Public Parking Garage (Approx. 99 Reserved garage spaces
Year Built 2018
Spaces
Currently sub-leased through May 2026 for $7,559/month NNN
Retail | 1 space available | 6,150 SqFt
Building description
LC Real Estate Group is pleased to present the unique opportunity to acquire or lease this 24,000 SF entertainment building constructed in 2018 as a state-of-the-art motion picture theatre, with full-service restaurant. Its contemporary design, high-quality finishes, and adaptable infrastructure make it well-positioned for a variety of future uses ranging from continued entertainment operations to adaptive reuse as an event venue, retail showroom, educational facility or mixed-use redevelopment. The property is offered at a significant discount to replacement cost in an irreplaceable location within a high profile mixed use development (The Foundry) with access to public parking.
This purchase opportunity includes the leasehold interest of the adjacent office building at 320 N. Cleveland Avenue leased from the City of Loveland, with no payment obligations through April of 2027 with two five year options through April of 2037. This 6,150 RSF brick building is currently subleased to Level Engineering, LLC for $14.75/SF NNN through May of 2026, creating a unique opportunity to utilize the building upon sublease termination or offset operating cost with sublease income.
The theatre building sits on 0.65 acres in the heart of Downtown Loveland, one block from the vibrant 4th Street corridor, which is undergoing complete renovation for walk-ability. The downtown entertainment district is home to a thriving mix of restaurants, breweries, boutiques, galleries, and cultural attractions including the historic Rialto Theater and the Loveland Museum. The property benefits from strong pedestrian activity, outdoor entertainment in the Foundry Commons, high visibility, and synergy with the city’s growing arts and entertainment scene.
Key interior features include seven fully built auditoriums with 551 luxury recliner seats, a full-service bar, large commercial kitchen, concession areas, and extensive back-of-house support spaces such as walk-in coolers, freezer, and ample storage. The facility’s layout provides flexibility for live performances, private events, or conversion to experiential retail concepts or education operations.
Being centrally located in Loveland places the property within minutes of regional employers, residential neighborhoods, and tourist destinations such as Boyd Lake and Rocky Mountain National Park. Downtown Loveland has become a destination for both locals and visitors, making this property an ideal location for operators or investors seeking a high-profile, ready-to-adapt asset in Northern Colorado.
Building highlights
- 285 East 3rd St:
- Designed as a seven screen, 551 all luxury seating “First Run” movie theater with restaurant & bar significant opportunity exists within the existing footprint.
- Over 23,000 SF in seven rooms with street level/at-grade access
- Open/vaulted 25’ grand plaza/entry
- One of Downtown Loveland’s largest kitchens with over 1,200 SF including 22’ Type 1 Exhaust Hood, 240 SF walk-in refrigerator & freezer, 235 SF dry storage, and fully exhausted high temp steam dishwasher
- 185 Sq. Ft. high lift/roll-up door w/ patio opens to Foundry Plaza
- 1,000 SF Dining room & bar seating area and 25’ full service bar
- Video Link: https://vimeo.com/1117488647?share=copy
- 320 North Cleveland Avenue:
- 6,150 Rentable square feet brick office building adjacent to the west.
- Private offices, reception, conference room, restrooms
- Leased from City of Loveland - no payment obligations through April 2027
- Modern, quality finishes with historic architecture
- Currently sub-leased through May 2026 for $7,559/month NNN
- Opportunity for owner/user to sublease and occupy or sublease to a tenant (see lease details)
- Easily splits into two units for combination of occupancy & rental income
Listing Contacts
Listed by LC Real Estate Group
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