718 Main St Springfield, TN 37172

This exceptional 7,048 square foot retail property, located at 718 S Main St in Springfield, TN, presents a unique investment opportunity. Situated on a 0.34-acre lot in the heart of downtown Springfield, this building boasts a rich history as the Capitol Theatre, a music venue that hosted Elvis Presley and other renowned artists in 1939. Subsequently used as a movie theatre, the property has undergone partial renovations, showcasing custom-tiled bathrooms and a completely renovated lobby. The grand theatre room remains a stunning feature, retaining its original character with soaring ceiling heights and a seating capacity of 248 on the main level and an additional 198 in the balcony/gallery. This adaptable space offers immense potential for various uses, including its return as an entertainment venue, a music hall, or conversion into modern office space. A unique second-floor lounge area adds to the property's charm and appeal, offering a distinctive atmosphere that would resonate with Springfield residents. The asking price for this historically significant property is $1,500,000. Its prime downtown location and substantial size make it an attractive proposition for investors seeking a high-impact commercial property with significant redevelopment potential. The existing renovations provide a solid foundation for a variety of future uses, ensuring a strong return on investment.