285 E 3Rd St Loveland, CO 80537

This 24,000 SF entertainment building, constructed in 2018 as a motion picture theatre with a full-service restaurant, is available for acquisition or lease. The property's contemporary design, high-quality finishes, and adaptable infrastructure support a variety of future uses, including continued entertainment operations, an event venue, retail showroom, 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 provides flexibility 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 improve walkability. The property benefits from strong pedestrian activity, outdoor entertainment in the Foundry Commons, and high visibility. The theatre building sits on 0.65 acres. The purchase opportunity 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 04/2027 and two five-year options through 04/2037. This brick building is currently subleased to Level Engineering, LLC for $14.75/SF NNN through 05/2026.