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27 Cascade Ave Montrose, CO 81401

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For Sale
$1,700,000

Iconic theater; prime location, huge potential.

Property size:
18,325 SF

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

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Listing Contact
John Renfrow
John Renfrow

Listing Agency: Renfrow Realty Listing Agent: John Renfrow

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

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.
More about this property
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