29
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$1,375,000
Est. payment /mo
6 Baths
18,325 SqFt
Price Dropped by $75K
27 S Cascade Avenue Montrose, CO 81401
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 18,325 sqft
Price per Sqft $75
MLS Listing ID 819021
Half Baths 6
Year Built 1929
Tax Year 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Retail
Property Description
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 seats, 168 seats, and a 245-seat penthouse), 3 sets of men's and women's restrooms, and a 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.
Location
State CO
County Montrose
Interior
Heating Forced Air
Cooling Evaporative Cooler
Flooring Carpet, Tile
Furnishings Unfurnished
Exterior
Parking Features On Street, Off Street, 20 + Total Spaces, Common
Utilities Available Electric, Internet, Natural Gas, Phone, Sanitary Sewer, Water
Roof Type Membrane
Building
Story 2
Foundation Concrete, Slab
Sewer Public Sewer Installed
Water Public, Water Installed
New Construction No
Listed by Renfrow Realty
NEARBY SCHOOL & BUSINESS
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