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Estes Park Team Realty

[email protected] +1(970) 586-3838

$ 4,500,000

Est. payment -/mo

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285 E 3rd Loveland, CO 80537

0.65 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Loveland Eleventh Sub

MLS Listing ID IRE1047126

HOA Y/N No

Year Built 2018

Annual Tax Amount $137,901

Tax Year 2024

Lot Size 0.650 Acres

Acres 0.65

Source ires

Property Description

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.

Location

State CO

County Larimer

Community Loveland Eleventh Sub

Area Loveland/Berthoud

Zoning DT

Interior

Heating Forced Air

Cooling Central Air

Exterior

Utilities Available Natural Gas Available, Electricity Available, High Speed Avail

View Y/N No

Roof Type Metal

Improvements No

Garage No

Building

Lot Description Corner Lot, Level, Historic District, City Limits, Paved, Curbs, Gutters, Sidewalks, Street Light, Alley, Fire Hydrant within 500 Feet

Sewer Public Sewer

Water City

Structure Type Stone,Stucco,Metal Frame

New Construction false

Schools

Elementary Schools Truscott

High Schools Thompson R2-J

School District Thompson R2-J

Others

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)

Listed by Wayne Lewis

Estes Park Team Realty

Broker/Owner | License ID: ER-1322538

+1(970) 586-3838

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Colorado

Estes Park Team Realty

285 E 3rd Loveland, CO 80537

Key Details

Location

Interior

Exterior

Building

Schools

Others

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285 E 3rd