For Sale By Owner - Agents Protected
After over fifteen years of owning the Palace Theater in historic downtown Maryville, TN it is time for us to sell it. We hate to see here go but we are sure someone with a good heart with occupy this historic building.
Built in 1868, it is the second oldest building in the historic downtown.
We had a heavy renovation when we bought it. Besides the new paint and reconstruction on the front of the building, we also installed new plumbing, electric, HVAC, fire and burglar system. These are your basic needs.
Then to make it a theater - new sound system, restored projectors (16mm and 35mm), converting the lobby into a full functioning espresso bar, handicap bathroom, green rooms and offices in the back behind the stage with two bathrooms. One bathroom with a shower.
The Palace Theater is 8000 sqft and goes all the way through the block. On the backside of the Palace on Harper Street, is a retail rental space of 1200sft currently occupied and bringing in rent revenue.
The Palace Theater is considered the "Center Piece" of the downtown area with parking across the street, down the street on both left and right and directly behind.
The Palace Theater building is perfect for any Arts Council or Church wanting to move right in. The sloped theater floor can easily be raised and seats removed to become any number of other businesses.
The building is located at 113 West Broadway, Maryville TN is it's price has been reduced to $875,000.
Lease purchase options considers.
Contact us at firstname.lastname@example.org or call 865-803-8886