Catylist ID:
#30569574
The Imogene Theatre + Surrounding Parcels
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30569574 |
| Property Subtypes: | Mixed Use, Movie Theatre, Restaurant, Street Retail, Tavern/Bar/Nightclub |
| Status: | Pending/Contingent |
| Building Size (RSF): | 7,935 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.79 Acres |
| Sale Price: | $895,000 |
| Unit Price: | $112.79 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | The Imogene Theatre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/20/2023 |
Overview / Comments
|
One of the most iconic historic buildings in Northwest Florida, the Imogene has over a century of stories and music that have filled the theatre and served as the cultural hub for Downtown Milton. Painstakingly restored after a tragic fire in 2009, the theatre is much like it was when it was built in 1912, but with improvements that a modern performance venue would require. Updated with contemporary audio and light equipment, and equipped with an elevator to be made ADA accessible, the Imogene is fully functional and has been host to a variety of special events. With a legacy of performers like Hank Williams and Minnie Pearl, every act that graces the Imogene stage carries forward this special tradition. In addition to the theatre, the building has a small commercial kitchen and dining area on the ground floor that could stand alone as a deli/restaurant, and support the needs of the theatre. Adjoining is a retail storefront space currently being used as a historic gallery for the Santa Rosa Historical Society, but could easily be combined for a larger dining area per the user's needs. The building also has significant vacant land surrounding it that conveys that can easily accommodate much if not all of the parking needs. There is also the future potential of redeveloping some of the frontage for a new structure or to create an outdoor dining area for the existing commercial space on the ground floor. |
Additional Details
| Nearest MSA: | Pensacola-Ferry Pass-Brent |
| County: | Santa Rosa |
| Taxing Authority: | City of Milton |
| Tax ID/APN: | 03-1N-28-2530-01900-0081 |
| Retail Clientele: | Recreation |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Caroline Street |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Good |
| Year Built: | 1912 |
| Year Renovated: | 2012 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Passenger Elevators: | 1 |
| Sprinklers: | Wet |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Legal Description: | TOWN OF MILTON THAT PART OF LOT 8 BLK 19 AS DES OR 750 PG 5& COMBINED REQ 2016 DES AS:LOTS 5 & 7 BLK 19 AS DES IN OR2523 PG 1706 & OR 2959 PG 1026& OR 2959 PGS 1026 1028 & 1030LESS OR 1401 PGS 157 & 158(FOR PART OF LOT 7) LESS OR1945 PG 1189 LESS OR 3329 PG1837 (FOR 19/5.3) *(19/5.1)*& COMBINED REQ 2016 DES AS:THAT PORTION OF LOTS 6 7 & 9BLK 19 AS DES IN 2523 PG 1706& OR 2959 PGS 1026 1028 & 1030*(19/6.2)* |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,227 | 24,310 | 43,308 |
| Median Age: | 39.81 | 38.7 | 38.02 |
| Households: | 1,356 | 9,561 | 15,558 |
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