For Sale: Holly Theatre in Medford
posted by DaneReal on January 21, 2009 at 9:42 am
MEDFORD, OR — The Holly Theatre was built in 1930 in the Spanish Colonial Revival Style with a 1,200 seat capacity (seats removed). Approx. 11,761 SF land and building footprint. Four story high ceiling with sunken stage and arena seating terraces. Unique redevelopment opportunity for performance hall. Needs roof repair and complete restoration; sold “as-is”.
Located within Medford Downtown Historic District and Urban Renewal District. Seller may carry note. See LoopNet.com #16062759
Please contact: , Daneman Realty, Inc. 541-941-2495
The owner showed me this theatre about 18 months ago. The roof is currently being supported by braces from the floor. The owner’s son has a barbershop in the same building and there are several other shop spaces. My guess it it would take about $1 million to restore it. However, since the only other theatre in Medford (pop. about 70,000) is a 15 screen CineMark Tinseltown this house could succeed as a combo film, live performance venue as it has a full fly stage. It’s about two miles from the multiplex. I believe classic, foreign and art house product would work best since none of those are being shown in the area. Frankly, if I had the means I’d do it. It could be restored to a beautiful art-deco palace.