35 Washington Ave E , Hutchinson, MN, USA
Listing was updated at: 08/05/2019
Property Overview
Price/Rent PSF $ 1,425,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 19,216
Date Available 08/05/2019
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Description

Location
Hwy 7 To Main St/Hwy 15 To Washington Ave, East To Property

Sale
This is an incredible opportunity to own a movie theater, apartments, and retail all in one location. A huge margin for value add in this property as well. All rental rates are below market and have not increased in almost 13 years. The theater itself is all fully renovated and up to date. Tickets prices have only made a $.50 cent increase in the past 13 years. There is additionally 1,700 SF of retail space currently unfinished and underutilized. The price represents the current operation leaving room for improvement for the new buyer. Current owner is willing to stay on and train the new owner if requested.

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