Development Opportunity: Carolina Theater

The Carolina Theater

  • 187 N. Church Street, Spartanburg, South Carolina 29306
  • Construction 1924
  • Development Opportunity

Located inside The Montgomery Building, The Carolina Theatre will accommodate 1,600 (Assembly) in this entertainment venue.  With two balconies, green room space, projection room, and original mezzanine above lobby, The Carolina Theatre could be used as a one of a kind mixed use venue serving the region.

This property will be eligible for historic and abandoned building tax credits which could represent as much as 50 percent of the rehab investment and is eligible to benefit from South Carolina's Bailey Bill. This property offers a great value as well as an investment.

The Carolina Theatre was constructed in 1924 and is on the National Register of Historic Places.

The Carolina Theater is located in the North East corner of The Montgomery Building which is currently undergoing a $30 million rehabilitation set to be complete in November 2018.  A Spartanburg Icon, The Montgomery Building and Carolina Theatre sit on the busiest intersection in the city and it's storied past creates a sense of identity in the area.

It's location within The Montgomery Building is an asset to the success of The Carolina Theater, situated across the central arcade from a future restaurant with the option of servicing The Carolina Theater's food service.

Located in the nationally recognized Cultural District of the City of Spartanburg, with a regional population of 873,136 people, Spartanburg is a central point for residents of Greenville, Union, Cherokee, and Spartanburg counties.  A completely unique venue, the Carolina Theater is a one of a kind opportunity to create a profitable event and performance space.

The up fit necessary to complete this rehabilitation has been considered during the rehabilitation of The Montgomery Building leading all utility services (plumbing, electrical, and mechanical) into the unfinished Carolina Theater parcel for simple connection to main line services. Architectural Drawings, IBC Code Approval, and Order of Magnitude Construction Estimates, a Market and Viability Study, and Interior Paint Analysis have been drawn up and are provided.

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