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Majestic 12 Theater 1401 Joe Ramsey Blvd

32,920 SF Retail Building Greenville, TX 75402 $9,497,049 CAD ($288 CAD/SF)

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Investment Highlights

Owner Financing Available

Turn Key Theater or Redevelopment Project

Executive Summary

Seller will consider owner financing for a Buyer whom Seller considers credit worthy with 20% down payment and other terms negotiated with a Buyer upon Seller receipt of written contract offer to purchase.

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

Business Value Included

Property Type

Retail

Property Subtype

Movie Theatre

Building Size

32,920 SF

Building Class

Year Built/Renovated

1989/2006

Price

$9,497,049 CAD

Price Per SF

$288 CAD

Tenancy

Single

Building Height

3 Stories

Building FAR

0.07

Lot Size

10.17 AC

Zoning

GR - General Retail

Parking

352 Spaces (10.69 Spaces per 1,000 SF Leased)

Frontage

544 ft on Joe Ramsey Blvd

Amenities

Corner Lot
Dedicated Turn Lane

Food Court
Signage

Accent Lighting

Air Conditioning

About 1401 Joe Ramsey Blvd , Greenville, TX 75402

The Majestic 12 at this current time is Greenville's only movie theater and it still operates under the ownership of the couple who built it in 1997. The movie theater was enlarged in 2000 and presently holds 12 different theaters that vary in size, along with two concession areas and two restroom areas. All the theater seating is either rocker style or recliners with a grand total seating area of 1242. Per public documentation the theater has 32,920 Square Feet of floor area and is surrounded by a large concrete parking area on 10.171 Acres. This is a prime location for a movie theater or other commercial redevelopment, being near Interstate 30 and fronting Joe Ramsey Blvd which is the route of Highway 69 into and through Greenville. Seller will consider financing the sale with a 20% down payment along with other terms to be negotiated in the contract. Directions: The property is located in the Southeastern corner of Interstate 30 and Highway 69 aka Joe Ramsey Blvd