27 S Cascade Ave Montrose, CO 81401

Listing agency Renfrow Realty j***@renfrowrealty.com Show Phone

Listed by John Renfrow · License #ER.040036477 Show Phone

Source Exprealty

Added: Oct 25, 2024 Updated: Jul 6 at 10:04AM Checked: Jul 21 at 11:22PM

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Investment Insights

Based on property information with market context.

This theater, a fixture in the Montrose community for almost 100 years, is available for sale. The approximately 18,325 square foot building offers an opportunity for transformation or continuation of its cinematic tradition. The property currently features 3 screening rooms with 84, 168, and 245 seats respectively, along with 3 sets of men’s and women’s restrooms, and a snack bar/retail area. Located in the city of Montrose, the property is zoned B-1 “Central Business” and has an Opportunity Zone designation, potentially offering investors tax benefits through deferred capital gains taxes. The trade fixtures and business are negotiable.

Key Highlights

• ~18,325 sq ft building in the Montrose community.
• Opportunity Zone designation offering substantial tax breaks.
• Zoned B‑1 "Central Business" offering versatile usage.

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FAQs

What type of property is this?

Theater & concert hall - Long-standing theater in Montrose, Colorado with business potential.

Where is this theater & concert hall located?

The property is located at 27 S Cascade Ave Montrose, CO.

What is the asking price?

The asking price for this property is $1,375,000.

What are key features of this property?

This property features: ~18,325 sq ft building in the Montrose community.; Opportunity Zone designation offering substantial tax breaks.; Zoned B‑1 "Central Business" offering versatile usage.