At One Percent Realty, we offer full real estate service while helping sellers reduce the amount they pay in commission fees. In terms of service, marketing, and exposure, we are comparable to traditional real estate brokerages. Your property is listed on MLS®, REALTOR.ca, and other major real estate websites. We provide professional marketing, signage (where permitted), showings, open houses, negotiation services, contract management, and guidance from listing to possession day. The difference is simple: you receive full professional service without paying unnecessarily high commissions.
314, 316 50 Street, Edson
2025-04-08
314, 316 50 Street, Edson, Alberta
1600 ft²
For Sale
Business
$395,000
MLS®#A2206351
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. Itâs a turn-key business opportunity, allowing you to walk in and immediately continue operations. Whether you choose to uphold the theatreâs 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 hubâoffering endless potential to enhance this already iconic property.By taking ownership of the Icon Theatre, you become a key part of Edsonâs 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 rareâdonât 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)
| Building | Business |
|---|---|
| Rooms | |
| Bedrooms | |
| Bathrooms | 0 |
| Square Footage | 1600 ft² |
| Built in | 1955 |
| Parking Type | |
| Neighbourhood | Edson |
How much could you save on commission?
How much could you save in commission selling with One Percent Realty?
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Saving calculated using a sample cooperating commission of 1% to the buyer's agent compared to other agents charging 7% on the first $100,000 & 3% on the balance. There is no standard industry commission and cooperating commission options can be discussed with your agent.
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One Percent Realty's top FAQs
For residential properties priced at $500,000 and under, we charge a flat fee of $5,000 plus GST. For residential properties over $500,000, we charge 1% of the sale price plus GST. The seller decides what they wish to offer the buyer’s agent, starting with an equal commission of 1%. For commercial properties, farms, or development opportunities, please contact us directly for a customized consultation.
Yes. Your property receives full MLS® exposure and appears on REALTOR.ca just like listings from traditional brokerages.