31 S Main St - Liberty Theatre Building 25,633 SF Sports & Entertainment Building Offered at $5,538,819 CAD in Liberty, NY 12754

The Historic Liberty Theatre presents a unique opportunity to acquire a fully restored mixed-use commercial landmark located prominently in the heart of downtown Liberty, New York. This iconic property combines existing income-producing commercial space with the opportunity to complete and activate a historic entertainment venue, offering a rare blend of stability, character, and future upside.
The property has undergone extensive restoration and modernization, preserving the architectural significance of the Liberty Theatre while incorporating updated building systems and modern commercial amenities. The building features multiple occupied commercial suites served by elevator access, updated HVAC systems, and the distinctive Main Street marquee that has long been associated with this downtown landmark.
The current tenant mix provides a diversified income stream and includes professional office users, a media company, real estate office, café, and personal service business. Unlike many historic theater properties that rely solely on ticket sales and event revenue, the Liberty Theatre benefits from existing commercial tenancy that provides ongoing cash flow while allowing a future owner to complete and reposition the theater component.
The Liberty Theatre portion of the property represents a significant value-add opportunity. The theater space is currently configured as a partially completed entertainment venue with approximately 300-seat capacity. With additional improvements, including sprinkler installation, the space has the potential to accommodate approximately 900 seats. Existing theater infrastructure includes concession facilities and dedicated restrooms. The seller is willing to provide a credit toward completion or complete the remaining work for a qualified purchaser, offering flexibility for an investor, operator, or owner-user.
The completed theater could support a variety of uses including live entertainment, performing arts, concerts, film programming, community events, private functions, conferences, and other adaptive commercial uses. The combination of historic character, existing infrastructure, and downtown location provides an opportunity to create a destination venue serving both local residents and visitors to the growing Sullivan Catskills region.
An additional parking lot located directly across the street may also be included in the sale, providing valuable parking capacity and enhancing future theater and event operations.
The Liberty Theatre is ideally positioned within downtown Liberty's commercial district with convenient access to restaurants, retail, municipal services, and regional transportation routes. Liberty serves as a gateway community within the Sullivan Catskills and benefits from proximity to major attractions including Bethel Woods Center for the Arts, Resorts World Catskills, and the region's growing tourism economy.
This offering represents a rare opportunity for an investor, entertainment operator, or owner-user to acquire a historically significant property with established income, completed major renovations, and the ability to unlock substantial future value through completion of the theater and continued commercial growth.