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210 W Houghton Avenue West Branch, MI 48661
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Key Details
Sold Price $320,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,457 sqft
Price per Sqft $37
Subdivision Mi
MLS Listing ID 21613126
Sold Date 11/13/20
Annual Tax Amount $9,344
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions BUSINESS ONLY
Property Description
Updated with digital projection and sound technology, this historic 3-screen theatre is available for sale. The current owners are hoping to retire after owning for over 30 years, but willing to support and train new ownership. 2 theatres operate on the first floor. The second floor has the 3rd screen, and includes 2 vacant apartments/office which could be renovated for an additional income stream. The theatre is currently an all cash business, but value can be added by allowing credit/debit card use. Showtimes are 7pm nightly ($7 ticket price) with 2pm matinees ($5 ticket price) on Wednesdays, Saturdays, and Sundays. An ice cream shop on street level could also be reopened for seasonal revenue upside. This is your chance to own an operate a charming theater in the beautiful town of West Branch!
Location
State MI
County Ogemaw
Area West Branch (65019)
Zoning Commercial
Interior
Heating Forced Air
Building
Foundation Slab
Water Public Water
Structure Type Wood
Others
Ownership Private
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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