27 Cascade Ave Montrose, CO 81401
Property Features for 27 Cascade Ave
General Information
- Property type
- Specialty properties
- Square Feet
- 18,325 SF
Building Details
- Year Built
- 1927
- Buildings
- 1
- Stories
- 2
Listing Agency: Renfrow Realty Listing Agent: John Renfrow
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This remarkable 18,325 square foot, two-story building located at 27 S Cascade Ave, Montrose, CO 81401, presents a unique investment opportunity. Built in 1927, this historic theater is a longstanding community fixture, boasting nearly a century of operation. Currently configured with three screening rooms (seating 84, 168, and 245 patrons respectively), three sets of men's and women's restrooms, and a concession/retail area, the property offers significant flexibility for adaptive reuse. The asking price of $1,700,000 is for the real estate only; trade fixtures and the existing business are negotiable, opening avenues for various entrepreneurial ventures. Situated on a 9,375 square foot lot, the property is zoned B-1 "Central Business," providing considerable development potential. Further enhancing its appeal, this property benefits from an Opportunity Zone designation, offering substantial tax advantages to qualified investors through deferred capital gains taxes. The APN is 3767-284-04-007. This is a rare chance to acquire a piece of Montrose history with immense upside potential. The building's rich heritage and prime location in Montrose County make it an exceptional investment prospect.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Kilbanes Cleaners and Tuxedo
(Bike/Boat/Book/etc) Store
Fox Cinema Center
Cinema
Second Sunday Cinema
Cinema
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.87613466642
- Latitude
- 38.47901079393
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FAQs
What type of property is this?
Specialty property - Iconic theater; prime location, huge potential.
Where is this specialty 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.
What are key features of this property?
This property features: Historic Montrose theater, approximately 18,325 square feet, nearly 100 years old.; Three screening rooms (84, 168, and 245 seats), restrooms, and concession area.; B-1 "Central Business" zoning, designated Opportunity Zone.