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27 S Cascade Ave

Historic Theater Building

Listing Contacts

Active

Asking Price: $1,700,000
Earnest Money  Deposit: 2% min.
Address 

27 S Cascade Ave, Montrose, CO 81401

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Date Added
Oct 25, 2024
Days on Market
237 days
Time Since Last Update
27 days

Details

Property TypeHospitality, Retail, Special Purpose
SubtypeSports/Entertainment
Square Footage18,325
Year Built1927
Buildings1
Stories2
ZoningB-1
Lot Size (sq ft)9,375
APN3767-284-04-007
IntelligenceINTELLIGENCE
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Marketing Description

A longstanding fixture in the Montrose community, this theater has been in operation for almost 100 years.​ Now beginning the next phase of its life, this unique building seeks an individual looking to transform the purpose of the building or carry on its longstanding cinematic tradition.​ While the list price is for real estate only the trade fixtures and business are negotiable.​ Come explore this one-of-a-kind ~18,325 sq ft building currently boasting 3 screening rooms (84 seats, 168 seats, and a 245-seat penthouse), 3 sets of men’s and women’s restrooms, and a snack bar/retail area.​ Zoned B-1 “Central Business” in the city of Montrose, this property additionally features an Opportunity Zone designation, allowing for prospective investors to reap the benefit of substantial tax breaks through deferred capital gains taxes.​

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Additional Information
Broker Name
John Renfrow
Broker License
CO ER.040036477
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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