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Former Canary Creek Movie Complex 870 Mallory Pky 26,737 SF Retail Building Franklin, IN 46131 $6,232,095 CAD ($233.09 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Former Canary Creek Cinema for sale or lease
  • Excellent Retail Location Near Kroger, Kohls, Walmart and Schools
  • 9.28 AC with paved parking
  • Flexible MXC Zoning

EXECUTIVE SUMMARY

This iconic neighborhood movie theater complex, a community staple for over 24 years, is now available for sale or lease. The property features a total of 7 indoor movie screens and 2 outdoor drive-in screens, offering versatile entertainment options. The building spans 26,737 square feet and includes a bright, welcoming reception area.
Situated on a 9.28-acre lot, the property boasts expansive, paved, and well-lit parking areas, providing ample space for customers. Strategically located behind a Kroger grocery store and Kohl’s shopping center, it benefits from strong nearby traffic. Additionally, the site is in close proximity to two local schools and Franklin College, further enhancing its visibility and accessibility.
Conveniently positioned just off US 31 South, this property presents an exceptional opportunity for a variety of uses. Whether continuing as a local entertainment venue, transforming into a retail or trade school, or repurposing for business, healthcare, or a church campus, this property offers tremendous potential for growth and transformation.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theatre
Building Size
26,737 SF
Building Class
C
Year Built
1999
Price
$6,232,095 CAD
Price Per SF
$233.09 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
9.28 AC
Zoning
MXC - Mixed Use Commercial (MXC) with permitted uses including day care, medical clinic, retail, auto, pickleball, recreation & some residential uses.
Parking
354 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
113’ on Mallory Pkwy.

AMENITIES

  • Security System
  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

Kroger
Bob Evans Restaurants
KeyBank
Rent-A-Center
Starbucks
Scooter's Coffee
Anytime Fitness
Horizon Bank
Huntington National Bank
Fifth Third Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-08-15-014-001.021-009
Land Assessment
$799,802 CAD
Improvements Assessment
$1,510,925 CAD
Total Assessment
$2,310,727 CAD
  • Listing ID: 32029688

  • Date on Market: 2024-06-05

  • Last Updated:

  • Address: 870 Mallory Pky, Franklin, IN 46131

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