Drive-In Theater with Redevelopment Upside – La Grande
Drive-In Theater with Redevelopment Upside – La Grande, OR | 8.87 acres
Marketing description
Rare Opportunity: Iconic Drive-In Theater with Redevelopment Upside – La Grande, OR
AVAILABLE: 8.87 Acres
2 PARCELS: 5.95 & 2.92 Acres
SALE PRICE: Negotiable, Contact Agent
PARCEL #’S: 5913 & 14965
CURRENT USE: 400 Car Drive-In Movie Theater
ZONNING: LG-R3 - High-Density Residential
POTENTIAL USE: Multi-Family Redevelopment - 11+ Dwelling Units Per Acre
TOURS & ACCESS: Do Not Disturb Operating Theater, Contact Agent
Investment highlights
Offered for sale is a fully operational 400-car drive-in movie theater located just south of the highly trafficked intersection of 20th Street and Highway 30 in La Grande, Oregon. Established in 1951, this iconic property has been a long-standing community staple and remains the only drive-in theater option in the region, benefiting from a loyal customer base and strong local recognition.
The property is well-improved and includes pylon signage, a projection booth, concession stand, upgraded digital projection and audio systems, and is fully fenced. Access is excellent with multiple curb cuts along 20th Street, supporting smooth traffic flow and customer ingress/egress.
Buyer may continue operating the theater as-is, or may capitalize on the site’s high-density residential zoning, which allows for 11+ dwelling units per acre, offering a compelling multi-family redevelopment opportunity.
The surrounding trade area is strong, with over 6,798 households within a 15-minute drive time and a median age of 38. Consumer spending reports indicate over $19.9 million annually spent on entertainment, including movie tickets.
Nearby national and regional retailers and restaurants include Bi-Mart, Safeway, KFC, Papa Murphy’s, Walmart, Grocery Outlet, Dollar Tree, and Panda Express. Major traffic generators in the area include Eastern Oregon University (3,000 students), La Grande High School (628 students), Middle School (456 students), Woodgrain (200+ employees), and Grande Ronde Hospital (50 beds).
Please do not disturb drive-in theater employees.
All tours and additional information are available by appointment only through listing agents.
Google Map View: https://bit.ly/45D6ZGK
Drive Time Demos: https://bit.ly/49m0bjj
1, 3 & 5 Mile Demographics: https://bit.ly/45tzlDx
1, 3 & 5 Mile Community Change Snapshot: https://bit.ly/4aVaJaf
1, 3 & 5 Mile Housing Market Characteristics: https://bit.ly/4qPxdOw
La Grande Economic Development: https://www.lagrandeed.com/
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