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Listed by H. Paige Manuel • Oakcrest Commercial Real Estate
$ 1,500,000
Est. payment | /mo
10.16 Acres Lot
$ 1,500,000
Est. payment | /mo
10.16 Acres Lot
Key Details
Property Type Commercial
Sub Type Land for Commercial Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAFV2035312
Year Built 1960
Annual Tax Amount $4,678
Tax Year 2022
Lot Size 10.160 Acres
Acres 10.16
Property Sub-Type Land for Commercial Use
Source BRIGHT
Property Description
Family Drive-in Theatre is presently leased to an out-of-state tenant. The current lease expires on December 31, 2025. The current tenant has a provision in their lease for a thirty (30) day first right of refusal. Once a contract to purchase is received, the current tenant has thirty (30) days to match the pending offer.
The present zoning is Frederick County B-2 – General Business District. The land area consists of 10.16 acres or 442,570 square feet. There is an existing concession building/snack bar with two projection rooms. The floor area of the subject building is 1,686 SF. There are two existing drive-in theatre screens. Screen 1 is 84 ft. by 60 ft. Screen 2 is approximately 50 ft by 35 ft. There are 380 drive-in speakers on 4 ft. poles with 2 speakers per pole. There is an existing children's playground. The existing digital projection equipment is owned by the current theatre operating company with headquarters in Texas. A new purchaser who is interested in operating the drive-in theatre would need to invest in the very expensive state-of- the-art digital projection equipment now required to screen all movies.
The present zoning is Frederick County B-2 – General Business District. The land area consists of 10.16 acres or 442,570 square feet. There is an existing concession building/snack bar with two projection rooms. The floor area of the subject building is 1,686 SF. There are two existing drive-in theatre screens. Screen 1 is 84 ft. by 60 ft. Screen 2 is approximately 50 ft by 35 ft. There are 380 drive-in speakers on 4 ft. poles with 2 speakers per pole. There is an existing children's playground. The existing digital projection equipment is owned by the current theatre operating company with headquarters in Texas. A new purchaser who is interested in operating the drive-in theatre would need to invest in the very expensive state-of- the-art digital projection equipment now required to screen all movies.
Location
State VA
County Frederick
Zoning B2
Interior
Hot Water Electric
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 190.0
Water Access N
Accessibility None
Total Parking Spaces 190
Garage N
Building
Sewer On Site Septic
Water Public
New Construction N
Schools
School District Frederick County Public Schools
Others
Tax ID 85 A 45
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Brad Griffin