285 E 3Rd St Loveland, CO 80537

This 24,000 SF entertainment building, constructed in 2018, is available for purchase. Originally built as a motion picture theatre with a full-service restaurant, the property's contemporary design and adaptable infrastructure make it suitable for various future uses, including continued entertainment operations, an event venue, a retail showroom, an educational facility, or mixed-use redevelopment. The building features seven fully built auditoriums with 551 luxury recliner seats, a full-service bar, a large commercial kitchen, concession areas, and extensive back-of-house support spaces, including walk-in coolers, a freezer, and ample storage. The facility's layout allows for live performances, private events, or conversion to experiential retail concepts or education operations. The property is located in downtown Loveland, one block from the 4th Street corridor, which is undergoing complete renovation to enhance walkability. It benefits from strong pedestrian activity, outdoor entertainment in the Foundry Commons, and high visibility. The property includes the leasehold interest of the adjacent 6,150 RSF office building at 320 N. Cleveland Avenue, leased from the City of Loveland with no payment obligations through April 2027, and two five-year options through April 2037. This brick building is currently subleased to Level Engineering, LLC for $14.75 per square foot NNN through May 2026, offering the option to utilize the building upon sublease termination or offset operating costs with sublease income. The theatre building sits on a 0.65-acre lot.