27 Cascade Ave Montrose, CO 81401

This remarkable 18,325 square foot, two-story building located at 27 S Cascade Ave, Montrose, CO 81401, presents a unique investment opportunity. Built in 1927, this historic theater is a longstanding community fixture, boasting nearly a century of operation. Currently configured with three screening rooms (seating 84, 168, and 245 patrons respectively), three sets of men's and women's restrooms, and a concession/retail area, the property offers significant flexibility for adaptive reuse. The asking price of $1,700,000 is for the real estate only; trade fixtures and the existing business are negotiable, opening avenues for various entrepreneurial ventures. Situated on a 9,375 square foot lot, the property is zoned B-1 "Central Business," providing considerable development potential. Further enhancing its appeal, this property benefits from an Opportunity Zone designation, offering substantial tax advantages to qualified investors through deferred capital gains taxes. The APN is 3767-284-04-007. This is a rare chance to acquire a piece of Montrose history with immense upside potential. The building's rich heritage and prime location in Montrose County make it an exceptional investment prospect.