Investment Overview

Marcus and Millichap is proud to present the Columbia Cinema site in The Dalles, Oregon. The property has been home to the theater since 1996 and features 4 theater rooms with a total of 451 seats, four concession registers, and ample access and parking. The theater is fully operational and has been since the building’s construction. The property consists of a 14,000 square foot structure, (including a 2,000 square foot mezzanine) on a 4+ acre site that is split between three parcels. The two northern parcels (2.59 acres) encompass the building and parking lot, while the parcel to the south (1.52 acres) remains undeveloped. The site has multiple potential uses and would be suitable for an owner/user business operator, ground-up development, or a combination of the two. The General Commercial zoning designation allows for most retail uses and includes restaurants, taverns, hotels, medical office, and assisted living. The large footprint of the site, and the inclusion of the empty southern lot, provides a flexible opportunity for a new creative project.