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    27 Cascade Ave Montrose, CO 81401

    Sponsored
    For Sale
    $1,700,000

    Iconic theater; prime location, huge potential.

    Property size:
    18,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • 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.
    • Real estate offered at $1,700,000; trade fixtures and business negotiable.
    Property Profile 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
    -107.87613466642
    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.
    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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