31 S Main Street Liberty Theatre
Historic Downtown Landmark Theatre Featuring Income-Producing Commercial Space
Marketing description
The historic Liberty Theatre building, prominently located in the heart of downtown Liberty, presents a rare opportunity to acquire one of Sullivan County's most recognizable landmark properties. Following an extensive restoration and modernization, the property features multiple occupied commercial suites served by elevator access, modern HVAC systems, updated infrastructure, and the iconic Main Street marquee. Current tenants include professional offices, media, real estate, food service, and personal care businesses, providing a diversified income stream.
The property also includes the Liberty Theatre, a partially completed entertainment venue offering significant future upside. The theater currently accommodates approximately 300 seats, with potential expansion to approximately 900 seats subject to sprinkler installation and other improvements. Concession facilities and theater restrooms are in place, while the seller is prepared to provide a credit toward completion or complete the space for a qualified purchaser. Unlike many theater properties, the Liberty Theatre benefits from existing income-producing commercial tenants, providing cash flow while allowing a new owner to complete and activate the venue. This unique combination creates a compelling opportunity for theater operators, investors, and owner-users seeking immediate income and long-term growth. An additional parking lot located across the street may also be included in the sale.
Investment highlights
Historic Downtown Landmark Asset – Iconic Liberty Theatre property prominently located in the heart of downtown Liberty, NY.
Existing Diversified Income Stream – Multiple commercial tenants including professional offices, media, real estate, café, and personal services provide immediate rental income.
Theater Redevelopment Opportunity – Partially completed entertainment venue with approximately 300-seat capacity and potential expansion to approximately 900 seats with additional improvements.
Extensively Renovated Building Infrastructure – Significant restoration completed including elevator access, updated HVAC systems, and modernized building systems.
Unique Value-Add Potential – Opportunity for investors, theater operators, and owner-users to complete and activate a historic entertainment venue while benefiting from existing commercial tenancy.
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