$469,000
FOR SALE

Business for Sale

Professional Office(S)

Lot: 15.24 x 38.1 m

4939 50 Street
Innisfail, AB T4G 1S9

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 of 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 is included. 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 is located on the main floor 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. (id:47421)
Share
Listed By Century 21 Advantage
Data Provided By Central Alberta REALTORS® Association
MLS® Listing Number A2184766
Last Updated Feb 27, 2025
Property Summary
Property Type Business For Sale

More like this:
Use Professional Office(S)
Franchise Non-Franchise
Community Downtown Innisfail
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 15.24 x 38.1 m
Features Back lane, Paved lane
Lease Type Gross
Listing Contract Date 2025-02-26
Municipal ID 0015552046
Ownership Type Freehold
# of Parking Spaces 1
Plan L
Property Type Business
Transaction Type For sale
Total Buildings 1
Zoning Description CB
Business
Business Type Other, Retail and Wholesale, Arts and Entertainment
Business Subtype Professional office(s), Retail & offices, Entertainment
Building
Ceiling Height 192 inches
Constructed Date 1928
Construction Material Poured concrete
Cooling Type None
Exterior Finish Brick, Concrete, See Remarks
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Baseboard heaters, Central heating, Forced air, Hot Water, Other
Size (Exterior) 9161 square feet
Total Finished Area 9161 sqft
Type Commercial Mix
Land
Total Size 7438 square feet
Size of Irregular Land 7438.00

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)