Homes for Sale - 4939 50 ST, Innisfail, AB T4G1S9

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Ken Rigel

ken@krgroup.ca +1(403) 207-1748

$469,000

Est. payment - /mo

7,438 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Downtown Innisfail

MLS® Listing ID A2184766

Year Built 1928

Annual Tax Amount $2,696

Tax Year 2024

Lot Size 7,438 Sqft

Acres 0.17

Lot Dimensions 54 x 125x68x65x14x80

Property Sub-Type Business

Source Central Alberta

Property 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.

Location

Province AB

County Red Deer County

Zoning CB

Interior

Heating Baseboard, Boiler, Central, Forced Air, Hot Water, Natural Gas, Zoned

Cooling None

Inclusions All digital movie equipment . All concession equipment. If buyer would like certain items to stay write it in offer .

Exterior

Roof Type Flat Torch Membrane,Metal,Mixed

Lot Frontage 50.0

Total Parking Spaces 1

Building

Lot Description Back Lane, City Lot, Street Lighting

Foundation Poured Concrete

Structure Type Brick,Concrete,Mixed,See Remarks

Others

Restrictions See Remarks

Tax ID 91035732

Ownership Private,REALTOR®/Seller; Realtor Has Interest

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Listed by Century 21 Advantage

Ken Rigel

Team Lead

+1(403) 207-1748

4939 50 ST Innisfail, AB T4G1S9

Ken Rigel

Key Details

Location

Interior

Exterior

Building

Others

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4939 50 ST