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27 S Cascade Ave - Fox Theatre 16,126 SF Sports & Entertainment Building Offered at $1,375,000 in Montrose, CO 81401
Investment Highlights
- Fixture of Historic Downtown
- High Foot Traffic
- Three Theater Rooms
Executive Summary
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.
RIGHT OF FIRST REFUSAL
The Buyer needs to be aware that there is a Right Of First Refusal agreement in place for this property.
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.
RIGHT OF FIRST REFUSAL
The Buyer needs to be aware that there is a Right Of First Refusal agreement in place for this property.
Property Facts
| Price | $1,375,000 | Lot Size | 0.22 AC |
| Price Per SF | $85.27 | Building Size | 16,126 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Sports & Entertainment | Year Built | 1929 |
| Property Subtype | Theater/Concert Hall | Opportunity Zone |
Yes
|
| Zoning | B-1 - Central Business | ||
| Price | $1,375,000 |
| Price Per SF | $85.27 |
| Sale Type | Investment or Owner User |
| Property Type | Sports & Entertainment |
| Property Subtype | Theater/Concert Hall |
| Lot Size | 0.22 AC |
| Building Size | 16,126 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | B-1 - Central Business |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R0650762 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $160,160 |
Property Taxes
Parcel Number
R0650762
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$160,160
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27 S Cascade Ave - Fox Theatre