Advert Ref: MH0120

Historic Theater And River Property For Sale

  • California - North
Asking price:
$787,000
Sales revenue:
Undisclosed
Net profit:
Undisclosed

Photograph of this business for sale

The Rio Theater, a single screen quonset hut movie theater, began showing movies in 1950 as the Cinema Rio until 1974. After that time, it has promoted concerts, including the Grateful Dead, while continuing with movies off and on. Also, on the property is a cafe with a large composite deck and two additional smaller quonset huts with good tenants. There is beach access through the massive lawn that overlooks the river that has hosted private weddings and company retreats. The current owners took over the Rio in 2014. In that time, they have spent their efforts rehabbing this historical building; tiling, restrooms, lighting and much more.

* Main Quonset Hut is approximately 7,000 square feet which houses the lobby, box office, theater, 2
restrooms, projector room, mezzanine, office and café with a restroom.
* Two Smaller Quonset Huts, each approximately 1,000 square feet, are currently occupied and
generating $1300/month in rental income
* Theater includes $65,000 digital projector and audio system, 167 seats newly installed in 2017, and
new tile floor in the lobby.

For more information &/or to schedule a private tour please contact Michele Habeeb, Agent DRE #02066624 Santa Rosa Business & Commercial (cell) or (work).

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification & that of their financial &/or legal advisors with regard to this information.

Property:
Freehold
Location:
This beautiful 1.26 acre property adjacent to the Russian River, which is the home to the historic Rio Theater, is located in the center of Monte Rio, a popular vacation destination 1.5 hours from San Francisco.

Expansion potential:
• Zone K permitting provides maximum flexibility for new business models and development opportunities for the property. • Weddings & large public events are permitted & can include outdoor amplified sound until 10pm.

Support & training:
Owners are available for support and training.
Furniture / Fixtures value:
Undisclosed
Inventory / Stock value:
Undisclosed

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