Derek Austin
(403) 597-2871
Century 21 Advantage
403-346-0021
4939 50 Street
Innisfail , Alberta T4G1S9
Innisfail , Alberta T4G1S9
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Arts and Entertainment,Professional/Office,Real Estate,Rental,Retail For Sale
$469,000
Innisfail, Alberta
Transaction Type
For Sale
Days On Market
50
Business Name
Century Theatre Company
Business Type
Arts and Entertainment,Professional/Office,Real Estate,Rental,Retail
Zoning
CB
Year Built
1928
Property Type
Commercial
Building Area (Sq. Ft.)
9161.00
Lot Size (Sq. Ft.)
7438
Listing ID: 29545
MLS ID: A2184766
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.
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
50
50
Business Name
Century Theatre Company
Century Theatre Company
Business Type
Arts and Entertainment,Professional/Office,Real Estate,Rental,Retail
Arts and Entertainment,Professional/Office,Real Estate,Rental,Retail
Zoning
CB
CB
Subdivision
Downtown Innisfail
Downtown Innisfail
Building Type
Commercial Mix,Old Time,See Remarks
Commercial Mix,Old Time,See Remarks
Year Built
1928
1928
Structure Type
Mixed Use
Mixed Use
Property Type
Commercial
Commercial
Property Sub Type
Mixed Use
Mixed Use
Legal Plan
L
L
Building Area (Sq. Ft.)
9161.00
9161.00
Building Area (Sq. M.)
851.08
851.08
Lot Size (Sq. Ft.)
7438
7438
Lot Size (Acres)
0.17
0.17
Footprint (Sq. Ft.)
7108
7108
Construction Type
Brick,Concrete,Mixed,See Remarks
Brick,Concrete,Mixed,See Remarks
Roof
Flat Torch Membrane,Metal,Mixed
Flat Torch Membrane,Metal,Mixed
Foundation
Poured Concrete
Poured Concrete
Cooling
None
None
Heating
Baseboard,Boiler,Central,Forced Air,Hot Water,Natural Gas,Zoned
Baseboard,Boiler,Central,Forced Air,Hot Water,Natural Gas,Zoned
Lot Features
Back Lane,City Lot,Street Lighting
Back Lane,City Lot,Street Lighting
Commercial Amenities
Emergency Lighting,Parking-Extra,Storefront
Emergency Lighting,Parking-Extra,Storefront
Access to Property
On Major Traffic Route,Paved Lane
On Major Traffic Route,Paved Lane
Inclusions
All digital movie equipment . All concession equipment. If buyer would like certain items to stay write it in offer .
All digital movie equipment . All concession equipment. If buyer would like certain items to stay write it in offer .
Restrictions
Architectural Guidelines,See Remarks
Architectural Guidelines,See Remarks
Reports
Building Plans,Environmental Phase 1,Formal Lease,Property Disclosure,Rent Roll,RPR,Tenancy Schedule
Building Plans,Environmental Phase 1,Formal Lease,Property Disclosure,Rent Roll,RPR,Tenancy Schedule