Turnkey Theater or Alternate Use Potential

Madras Cinema 5 presents a unique opportunity to acquire a fully improved, five-screen movie theater positioned as the anchor building within Jefferson Square, an established retail center on SW Highway 97 in Madras, Oregon. Built in 2010, the 12,631-square-foot property sits on a 1.15-acre site in Jefferson County and benefits from high visibility and traffic counts along the primary north-south commercial corridor connecting Central Oregon to the Columbia River region. The property is offered at $1,389,000, or $109.97 per square foot.
The building is situated within a shared-parking retail center alongside KFC/A&W, O'Reilly Auto Parts, and Fresenius Dialysis Center, providing complementary daytime and evening foot traffic. The site benefits from its direct highway frontage and multiple points of entry/exit and offers a strong regional draw as the only cinema serving Jefferson County.
Madras Cinema 5 is currently in-use and has been since its construction in 2010. The theater offers five auditoriums featuring 420 total seats, concessions and box office facilities, and a mezzanine level housing projection equipment and administrative space. The property is zoned C-1 (Corridor Commercial) under the City of Madras Municipal Code, which permits a broad range of commercial uses outright including retail, office, restaurant, and entertainment uses. This offers a new owner-operator flexibility beyond the property's current use.
This offering represents an opportunity for an experienced cinema operator seeking a turnkey Central Oregon location or an owner-user seeking a well-located commercial building with excellent underlying site fundamentals. Additional due diligence materials, including drawings and unit financials are available to qualified buyers upon request.