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    27 Cascade Ave Montrose, CO 81401

    For Sale
    $1,700,000

    Iconic building, 18,325 sq ft, Opportunity Zone.

    Property size:
    18,325 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 18,325 square foot building located at 27 S CASCADE Avenue, Montrose, CO presents a rare investment opportunity. A beloved community landmark for nearly a century, this former theater offers immense potential for adaptive reuse or continued operation as a cinematic venue. The property boasts three screening rooms with seating capacities of 84, 168, and 245, respectively, along with three sets of men's and women's restrooms, and a fully equipped snack bar/retail area. Situated on a 0.22-acre lot, the building is zoned B-1 Central Business, providing flexibility for a variety of commercial uses. A significant advantage is its designation as an Opportunity Zone, offering substantial tax benefits to qualified investors through deferred capital gains taxes. The asking price of $1,700,000 is for the real estate

    Property Features for 27 Cascade Ave

    General Information

    Property type
    Retail properties
    Square Feet
    18,325 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1929
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kilbanes Cleaners and Tuxedo Dry Cleaner Fox Cinema Center Movie Theater Second Sunday Cinema Movie Theater

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montrose
    County
    Montrose
    State
    Colorado
    Longitude
    -107.8758
    Latitude
    38.4792

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    FAQs

    What type of property is this?
    Retail property - Iconic building, 18,325 sq ft, Opportunity Zone.
    Where is this retail property located?
    The property is located at 27 Cascade Ave Montrose, CO.
    What is the asking price?
    The asking price for this property is $1,700,000.
    Request Owner's contact information
    27 Cascade Ave Montrose, CO 81401
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    Montrose, CO 81401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27 Cascade Ave Montrose, CO 81401
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