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POWERED BY PURLIN.AI

285 E 3rd St

loveland, CO 80537

$4,500,000

    INTERESTED? LET'S CONNECT

    Unique opportunity to acquire or lease this 24,000 SF entertainment building constructed in 2018 as a state-of-the-art motion picture theatre, with full-service restaurant. Its contemporary design, high-quality finishes, and adaptable infrastructure make it well-positioned for a variety of future uses ranging from continued entertainment operations to adaptive reuse as an event venue, retail showroom, educational facility or mixed-use redevelopment. The property is offered at a significant discount to replacement cost in an irreplaceable location within a high profile mixed use development (The Foundry) with access to public parking. This purchase opportunity includes the leasehold interest of the adjacent office building at 320 N. Cleveland Avenue leased from the City of Loveland, with no payment obligations through 04/2027 with two five year options through 04/2037. This 6,150 RSF brick building is currently subleased to Level Engineering, LLC for $14.75/SF NNN through 05/2026, creating a unique opportunity to utilize the building upon sublease termination or offset operating cost with sublease income. The theatre building sits on 0.65 acres in the heart of Downtown Loveland, one block from the vibrant 4th Street corridor, which is undergoing complete renovation for walk-ability. The property benefits from strong pedestrian activity, outdoor entertainment in the Foundry Commons, high visibility, and synergy with the city's growing arts and entertainment scene. Key interior features include seven fully built auditoriums with 551 luxury recliner seats, a full-service bar, large commercial kitchen, concession areas, and extensive back-of-house support spaces such as walk-in coolers, freezer, and ample storage. The facility's layout provides flexibility for live performances, private events, or conversion to experiential retail concepts or education operations.

    Details

    24,273 Sq Ft

    0.65 Private Acres Lot Size

    Commercial

    $137,901 Annual Tax

    Built in 2018

    MLS/Listing ID 1047126

    Amenities & Features

    High Speed Internet

    Heating - Forced Air

    Lighting

    Cooling - Central Air

    Construction - Metal Frame

    Construction - Stone

    Construction - Stucco

    Level Lot

    Metal

    Lot - Within City Limits

    Lot - Sidewalks

    Lot - Fire Hydrant within 500 Feet

    Lot - Curbs

    Parking - Alley Access

    Lot - Corner Lot

    Lot - Historic District

    Lot - Level

    IRES

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    Interested in 285 E 3rd St?