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316 50 Street, Edson
2025-04-08
Quick Summary
MLS®#A2206351
Property Description
Conveniently located in the heart of downtown Edson, the Icon Theatre stands as a beloved cornerstone of the community. Now, a rare opportunity has arisen to own this historic gem. The cinema, which first opened its doors on February 1, 1955, has been a source of countless memories, laughter, and cinematic magic for generations. This turn-key business offers an incredible chance to step into the legacy of one of the town's most cherished establishments.Over the past few years, the theatre has undergone impressive upgrades, ensuring its continued success for many years to come. The building features a stunning new front exterior, complete with movie display boards, front windows, fresh paint, roof upgrades, and updated signage. Inside, the auditorium has been meticulously restored, with the concrete walls stripped down and rebuilt to include state-of-the-art sound-isolating walls, new flooring, a modernized stage, and brand-new seating for 266 patrons. Every detail has been carefully considered to create an immersive and unforgettable movie-going experience.This fully operational cinema is offered with all the inventory and equipment necessary for a seamless transition to new ownership. It’s a turn-key business opportunity, allowing you to walk in and immediately continue operations. Whether you choose to uphold the theatre’s time-honored tradition or introduce new, exciting concepts, the possibilities are endless.Additionally, the property includes commercial space on the second floor, currently available for development. This versatile area could easily be transformed into office space, a boutique, or even a creative hub—offering endless potential to enhance this already iconic property.By taking ownership of the Icon Theatre, you become a key part of Edson’s history, honoring its 69-year legacy, and playing a role in shaping the future of this beloved local treasure. Opportunities like this to own a piece of community heritage are incredibly rare—don’t let thi s unique chance pass you by.For those new to the cinema business, Landmark and the current management are committed to ensuring a smooth transition. They are ready to provide all necessary information and training to support the new ownership group, ensuring you have the knowledge and resources to continue the legacy of this historic theatre. (id:32467)
Property Features
Building
- Cooling Type: Central air conditioning
- Fireplace: No
- Interior Size: 8708 sqft
Land
- Land Size: 6500 sqft|4,051 - 7,250 sqft
Zoning
- Description: 11
Information entered by CENTURY 21 TWIN REALTY
Listing information last updated on: 2025-04-08 16:33:46
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$500,000
Your One Percent Realty Commission savings†
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
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We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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