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29185298
29185305

404 20th St, La Grande, OR 97850

SL
OR 940200076
SVN | Bluestone
AN
ID, ID SP39275
Summit Commercial Real Estate Group
Listed by SVN | Bluestone, Summit Commercial Real Estate Group
Unpriced
144 days on market
Updated 24 days ago

Drive-In Theater with Redevelopment Upside – La Grande

Details
APN 5913 & 14965
Property Type Multifamily, Land (+1)
Sub Type Residential, Sports/Entertainment
Broker Co-Op Yes
Year Built 1951
Acreage 8.870
Zoning LG-R3 - High-Density Residential

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/

Listing Contacts

SL
OR 940200076
SVN | Bluestone
AN
ID, ID SP39275
Summit Commercial Real Estate Group
Listed by SVN | Bluestone, Summit Commercial Real Estate Group

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