27 S Cascade Ave - Sports and Entertainment FOR SALE


Montrose, CO 81401
$1,700,000 USD
970-275-4004
27 S Cascade Ave, Montrose, CO for Sale
$1,700,000 USD
Sports and Entertainment - FOR SALE
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null | Request Cap Rate

27 S Cascade Ave
Montrose, CO 81401


HIGHLIGHTS

  • Fixture of Historic Downtown
  • Three Theater Rooms
  • High Foot Traffic

OVERVIEW

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 seat, 168 seat, and a 245 seat penthouse), 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.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fox Theatre

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,365 SF

ZONING

B-1

APN/PARCEL ID

R0650762

ASK ABOUT THIS PROPERTY

John RenfrowRenfrow RealtyMore Info
970-275-4004

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John RenfrowRenfrow RealtyMore Info
970-275-4004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.