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 various future uses, including continued entertainment operations, an event venue, retail showroom, educational facility, or mixed-use redevelopment. The building features seven auditoriums with 551 luxury recliner seats, a full-service bar, a large commercial kitchen, concession areas, and back-of-house support spaces, including walk-in coolers, a freezer, and storage. The layout accommodates live performances, private events, experiential retail concepts, or education operations. Situated on 0.65 acres in Downtown Loveland, one block from the 4th Street corridor, the property benefits from pedestrian activity, outdoor entertainment in the Foundry Commons, and synergy with the city's arts and entertainment scene. The purchase includes the leasehold interest of the adjacent 6,150 RSF brick 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 building is currently subleased to Level Engineering, LLC for $14.75/SF NNN through May 2026, offering the option to utilize the building upon sublease termination or offset operating costs with sublease income. The 4th Street corridor is undergoing complete renovation for walk-ability.