For Sale
$1,700,000

27 Cascade AveMontrose, CO 81401

Iconic theater; prime location, huge potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Historic Montrose theater, approximately 18,325 square feet, nearly 100 years old.
  • Three screening rooms (84, 168, and 245 seats), restrooms, and concession area.
  • B-1 "Central Business" zoning, designated Opportunity Zone.
  • Real estate offered at $1,700,000; trade fixtures and business negotiable.

Property Details for 27 Cascade Ave

Property type
Specialty properties, Retail properties
Square Feet
18,325 SF
Year Built
1927
Buildings
1
Stories
2

Location Insight

City
Montrose
County
Montrose
State
Colorado
Latitude
38.47901079393
Longitude
-107.87613466642
27 Cascade Ave, Montrose, Colorado

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27 Cascade Ave
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