Property Details

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4939 50 Street
Innisfail (A2184766)

$469,000
9,161 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Theatre , Historic (built in 1928 ) 9000 +/- sq ft building . Let your creativity flow. Operated for almost a Century as a Live Entertainment center and Movie Theatre ( digital equipment ). Excellent location in downtown Innisfail on Main Street. Presently 3 revenue streams with the Auditorium as a future 4th 1./Residential apartment, 2./Retail store, 3./Lobby area. Presently the Auditorium is not being operated. Main lobby has ticket counter, concession area with glass counters and display case plus stainless sink counter , all Equipment included. Also has office area , numerous windows , and storage room. Auditorium has EXCELLENT ACOUSTICS (ask Gord Bamford or Brett Kissell to name a few ) and is also set up for movies (2D and 3D )all Digital equipment as well as the Drop down Screen . Seating area is 60 ' by 36' 10 ", Ceiling is around 16 ft high and is hand painted tin , 60 Upgraded Seats with cup holders and 170 regular seats on a sloped floor plus space for handicapped patrons. 2 handicapped accessible bathrooms. Screen is 28'11"x 15' and lifts up for live shows on the 36' 10" x 16' stage. There is a back stage plus huge storage and work areas on both sides of the auditorium. There is also a Sound ,light control room plus concession storage room . Other events held in Theatre space include , birthdays, private rentals, company appreciation nights, power point presentations, group rentals, even weddings, capacity for 270+ people. It may be possible to have two movie screens. Upper Rental suite is around 1100 sq ft w/ 2 bedrooms, office , kitchen ,laundry , 4 pce bath and living room ( present tenant 8 yrs ) All windows replaced . COCO vap leases West unit Street level which is 900 +/- sq. ft , it has front retail area , two offices and large common area , 2 pce bathroom( lease in place) Lots of potential, I would say an Entrepreneurs dream . Historic designation for the building may be possible. Century Theatre Company has owned and operated the building for 25 yrs. GST is applicable. More information in supporting documents (also copies of original plans). Seller may consider financing. Note some upgrades in progress.

Property details

Basic Info

MLS® #
A2184766
Property Type:
Commercial
Subtype:
Business
Subdivision:
Downtown Innisfail
Price
$469,000
Sale/Lease:
For Sale
Size:
9,161 sq.ft.
Year Built:
1928 (97 years old)

Building Info

Structure Type:
Mixed Use
Building Name:
Century Theatre
Garage:
No
Fence:
Basement:
No
Inclusions:
All digital movie equipment . All concession equipment. If buyer would like certain items to stay write it in offer .

Lot / Land Info

Lot Size:
0.17 acres
Lot Dimensions:
54 x 125x68x65x14x80
Lot Features:
Back Lane, City Lot, Street Lighting
Zoning:
CB

Business Info

Business Name:
Century Theatre Company
Business Type:
Arts and Entertainment,Professional/Office,Real Estate,Rental,Retail

Materials & Systems

Roof:
Flat Torch Membrane, Metal, Mixed
Exterior:
Brick,Concrete,Mixed,See Remarks
Foundation:
Poured Concrete
Heating:
Baseboard, Boiler, Central, Forced Air, Hot Water, Natural Gas, Zoned
Cooling:
None

Listing Info

Possession:
Immediate,Other/See Remarks,Subject To Tenancy
Days on Market:
134
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