257 Market Avenue
Arts & Entertainment
GEM Theatre .... 2 Shares of Company - 344476 B.C. Limited - $489,000.00.
GEM Theatre is a vibrant little community theatre involved in more than just movies which makes life much more exciting and diversified! Nestled on main street in sunny Grand Forks, only 18 minutes or 21 km from beautiful Christina Lake, the warmest lake in Canada!
With an initial $200,000.00 investment, The GEM would be an ideal vehicle to make your money work for you. It is the perfect business for a retired or semi- retired couple who love working with the public and wish only to work on their terms, their days, and their time. Flexibility is your total control. Your imagination is your limit - with the latest in digital equipment, the GEM has a great variety of opportunity and income to offer with a minimum of time invested.
The building dimensions are approximately 33’ x 130’ (4290 ft2) and it is situated on a .086 acre lot that is zoned Core Commercial (CC). The structure sits on a poured concrete and stone foundation, and its walls are constructed of brick, with the outer surface coverings a mixture of stucco, metal and masonry veneer.
The facility is equipped with a 400 amp electrical system and is heated with a gas furnace. The latest BC Assessment report lists the total assessed value of the property (land and building) at $281,000.00. A recent building inspection report indicates that, considering the age of the building and in comparison with other similar structures, the building received an “above average” global rating.
The theatre is located on the main floor that slopes gently down to the stage. The stage dimensions are 28 feet wide x 17 feet deep. Equipment value is approximately $130,000.00 with the very latest of the digital equipment in the projection room able to play DVD’S and acquire product from the cable, satellite, and laptop computers.
There is approximately 800 square feet of living accommodation upstairs complete with all amenities- washer/dryer/ fridge/stove.
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