The city acquired the property back in the 1990's and gave it to the Down Town Merchants association who later gave it back to the city who then sold it to Whitener.

If he get's the asking price, Whitener looks to make a hefty profit on the property.

Property Description:

Historic Theater & Retail Building Income-producing Historic Lyric Theater in downtown Loudon with over 3,000 SF of theater/event space, lobby, audio/visual balcony, green room and open-air courtyard with adjacent 6,500 SF of retail and office space in historic downtown Loudon, Tennessee.

Almost the entire building has been renovated with new flooring, paint, light fixtures, and fire sprinkler system. The theater is leased to a local church on Wednesdays and Sundays and leased for weddings and other events throughout the week. The retail space is currently leased at below-market rates and an additional office is available for lease to increase the monthly income.

All FF&E comes with the property including movie screen, audio/visual equipment, event tables, chairs, linens, etc. for a turnkey event center facility. New roof in 2017 and new HVAC in 2024. Your clients must see this space to believe how nice the theater and adjacent retail and office space has been renovated.

A perfect business investment opportunity for someone looking for a turnkey operation. See flyer for more details on renovations completed and FF&E available. This building is just two blocks from the recently approved Lakeshore Loudon project which will consist of 96 lakefront residential units and 7,600 SF of retail space that will add to the already quaint, walkable and charming nature of downtown Loudon.