147 North Main Street,
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The Penn Cinemas closed in May, 2001ending the long reign of Main Street’s last picture palace. The theater’s owners are asking $195,000 for the aging building. The theater is owned by Theater Management, a Florida-based company that does not see downtown theaters as a current part of its business.
Despite a $250,000 renovation, the Penn has not turned enough profit to satisfy the company, which claims that the theater has been for sale since work was completed on the renovation in 1997.
Interestingly, the company says the only reason the Penn has stayed open this long is beacuse it is a favorite of the founder of Theater Management, Chester DeMarsh, who bought the theater in 1965.
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