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The Foundry - Movie Theatre 285 E 3rd St 24,000 SF Retail Building Loveland, CO 80537 $4,500,000 ($187.50/SF)
INVESTMENT HIGHLIGHTS
- Being centrally located in Loveland places the property within minutes of regional employers, residential neighborhoods, and tourist destinations.
- The theatre building sits on 0.65 acres in the heart of Downtown Loveland, one block from the vibrant 4th Street corridor.
- The facility layout provides flexibility for live performances, private events, or conversion to experiential retail concepts or education operations.
- This purchase opportunity includes the leasehold interest of the adjacent office building at 320 N. Cleveland Avenue leased from the City of Loveland.
EXECUTIVE SUMMARY
This purchase opportunity includes the leasehold interest of the adjacent office building at 320 N. Cleveland Avenue leased from the City of Loveland, with no payment obligations through April of 2027 with two five year options through April of 2037. This 6,150 RSF brick building is currently subleased to Level Engineering, LLC for $14.75/SF
NNN through May of 2026, creating a unique opportunity to utilize the building upon sublease termination or offset operating cost with sublease income.
The theatre building sits on 0.65 acres in the heart of Downtown Loveland, one block from the vibrant 4th Street corridor, which is undergoing complete renovation for walk-ability. The downtown entertainment district is home to a thriving mix of restaurants, breweries, boutiques, galleries, and cultural attractions including the historic Rialto
Theater and the Loveland Museum. The property benefits from strong pedestrian activity, outdoor entertainment in the Foundry Commons, high visibility, and synergy with the city’s growing arts and entertainment scene.
Key interior features include seven fully built auditoriums with 551 luxury recliner seats, a full-service bar, large commercial kitchen, concession areas, and extensive back-of-house support spaces such as walk-in coolers, freezer, and ample storage. The facility’s layout provides flexibility for live performances, private events, or conversion to
experiential retail concepts or education operations.
Being centrally located in Loveland places the property within minutes of regional employers, residential neighborhoods, and tourist destinations such as Boyd Lake and Rocky Mountain National Park. Downtown Loveland has become a destination for both locals and visitors, making this property an ideal location for operators or investors seeking a high-profile, ready-to-adapt asset in Northern Colorado.
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Potential Uses: Education/Community, Health and Wellness, Performance Arts, Experiential Entertainment, Retail/Multifamily Mixed Use, Event Center, Sports Arena, etc. Designed as a seven screen, 551 all luxury seating “First Run” movie theater with restaurant & bar significant opportunity exists within the existing footprint. - Over 23,000 SF in seven rooms with street level/at-grade access - Open/vaulted 25’ grand plaza/entry - One of Downtown Loveland’s largest kitchens with over 1,200 SF including 22’ Type 1 Exhaust Hood, 240 SF walk-in refrigerator & freezer, 235 SF dry storage, and fully exhausted high temp steam dishwasher - 185 Sq. Ft. high lift/roll-up door w/ patio opens to Foundry Plaza - 1,000 SF Dining room & bar seating area and 25’ full service bar
| Space | Size | Space Use | Position | Available |
| 1st Floor | 24,000 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 24,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 24,000 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Potential Uses: Education/Community, Health and Wellness, Performance Arts, Experiential Entertainment, Retail/Multifamily Mixed Use, Event Center, Sports Arena, etc. Designed as a seven screen, 551 all luxury seating “First Run” movie theater with restaurant & bar significant opportunity exists within the existing footprint. - Over 23,000 SF in seven rooms with street level/at-grade access - Open/vaulted 25’ grand plaza/entry - One of Downtown Loveland’s largest kitchens with over 1,200 SF including 22’ Type 1 Exhaust Hood, 240 SF walk-in refrigerator & freezer, 235 SF dry storage, and fully exhausted high temp steam dishwasher - 185 Sq. Ft. high lift/roll-up door w/ patio opens to Foundry Plaza - 1,000 SF Dining room & bar seating area and 25’ full service bar
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 95133-20-002 | Improvements Assessment | $781,702 |
| Land Assessment | $238,043 | Total Assessment | $1,019,745 |
PROPERTY TAXES
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The Foundry - Movie Theatre | 285 E 3rd St
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