Active, For Sale $1,450,000 - Commercial, Retail, Sports & Entertainment, Theatre
Historic Theater Building in the Heart of Downtown Montrose
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, 3 sets of men’s and woman’s restrooms, and 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.
RIGHT OF FIRST REFUSAL
- The Buyer needs to be aware that there is a Right Of First Refusal agreement in place for this property.
