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For Sale: Fully Renovated Historic Maine Theatre
posted by
Joe Vogel
on
May 1, 2006 at 5:55 am
HOULTON, ME — The 1919 Temple Theatre, fully renovated in 2002, is being offered for sale.
The theatre, twinned in the 1980’s, features two 200 seat auditoriums, each with balcony. All theatre equipment is included.
Purchase price includes the operating theatre as a business, the land (which includes a parking lot and has room for additional construction), and two floors of the three-story theatre building, including 6500 sq, ft. of second floor rental/lease office space (the third floor of the building is privately owned in a condominium arrangement with the Masonic Temple Association.)
The location is the downtown Market Square area of Houlton, which is listed on the National Register of Historic Sites.
Comments (6)
nice theater , way over priced for a twin \for sale for many months,
Hello.
LONGISLANDMOVIES—What I do not get is why they put so much into such a small theatre and then a few years later they want to sell it all? I don’t think the price is that bad considering that it probably cost a mil or two (if not more) for the renovations. But I think the biggest problem is with the third floor. Who is going to want to buy a building that has one floor owned by someone else?
I guess one thing that could have prompted the sale could be the recent trend in releasing DVD’s within 3 months (or less) when a movie leaves the theatre. I saw Harry Potter Goblet of Fire at the Cinema Deluxe 16 in Holbrook (I live on LI too). I went to see it in January just the last week prior to it being removed from the theatre. Low and behold, come March I had already bought it on DVD. I noticed the same thing happen to other big movies like Narnia. I would believe that this trend is going to seriously cripple the movie industry. Given the high price of movies on Long Island coupled with the price of gas, I would think most people would rather wait the few months for the DVD release rather than go to the movies. If that is the case, many more theaters will go up for sale.
I am curious to hear your take on this.
I am actually looking to buy a theatre…but for live acts (and not on Long Island either). If I find a dual purpose theatre and can show movies too, then so be it.
JG
I have seen this theatre and it is well worth the price. Packed on the weekends. You have to remeber in small towns this is a center piece regardless of the small windows of Theatrical and DVD release.
This is a turnkey with never having to add or fix anything it has been done, even room to expand for another 2 screens if you want!
Worth a look before making judgement!
Joe, please contact me about the Skyway drive-in in Chattanooga, tennessee. thanks, jg
still for sale………..
still for sale ……..