Turn Key Vintage Cinema In The Heart Of Downtown Staunton

Highlights:

• STEADY GROWTH SINCE COVID
• 2024: $530K REVENUE, $105 NOI - Additional Financials w/ NDA
• 3 THEATERS - 280 SEATING CAPACITY
• VALUE ADDED OPPORTUNITIES - MULTIPLE STREAMS OF REVENUE

Description:

Turn-key vintage cinema in the heart of downtown Staunton! Opened in 1937 and renovated in 2005, Visulite Cinema is a beloved local landmark featuring three screens with a combined 280 seats. The property includes a concessions area with beer and wine service and enjoys excellent visibility and foot traffic along N Augusta Street, just steps from restaurants, shops, and Mary Baldwin University. Visulite operates with a full schedule of first-run movies, a robust art house film series, and an array of special events, attracting both local patrons and year-round tourists—with strong revenue ($530k in 2024) and continued growth potential. Incredible opportunity for an owner-operator or investor to expand events, food & beverage offerings, or special programming. Zoned B2, the property also offers vertical expansion potential for apartments or additional commercial space above the existing theater.

Discover the vibrant charm of Staunton, VA, a historic city known for its rich cultural heritage and bustling downtown area, just a stone's throw from the property. Surrounding the area, you'll find an array of local restaurants, boutique shops, and art galleries, creating an inviting atmosphere for both visitors and residents alike. Additionally, the property is in close proximity to iconic landmarks such as the American Shakespeare Center's Blackfriars Playhouse and the Woodrow Wilson Presidential Library, offering a unique blend of history and entertainment. With its strategic location in the heart of Staunton, this area presents a compelling opportunity for Office / Office Building investors seeking a dynamic and thriving community to establish their presence.

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