Majestic Plaza Movie Theater & Redevelopment Opportunity

Full Listing Details

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Majestic Plaza Movie Theater Redevelopment Opportunity

History of the Majestic

The Majestic was built in 1994 as a movie theater. Showing new Hollywood releases on 2 different screens and renting out the third as a community event space, the cinema serves as a cultural institution for locals, second homeowners, and tourists alike. The Majestic Theater is the only cinema in an 81-mile radius.

When COVID hit, it was forced to close with no plan to reopen…

Current Operations

Friends of the Majestic, a 501(c)(3), was formed in 2020 by two former theater employees, Carrie Wallace and Conrad Kaul, who were determined to bring back the theater as a symbol of community connection.

Since September 2022, Friends of the Majestic has successfully operated the theater as a nonprofit organization, turning a profit in the first year.

Over 26,000 movie tickets sold
190 memberships sold
Over $244k in concessions + liquor sales
88 birthday parties hosted
44 free community events hosted
Worked with 17 local nonprofits to provide event space and fundraisers

Ripe for Redevelopment

Nestled along the prominent Hwy 135, Majestic Plaza commands attention as it greets every traveler entering town.

6,889 rentable square feet per architect
- The largest commercial space available in the town of Crested Butte

52 parking spaces dedicated to Unit 110
- Very rare find in town, and a potential revenue source

Prime Location
- Adjacent to Crested Butte’s only grocery store (currently under renovation) and a heavily trafficked USPS PO Box Facility
- Situated along the widely utilized free bus transportation system route, which runs between Gunnison, CB, and Mt. CB

Unbridled Commercial & Residential Opportunity

Majestic Plaza presents a versatile canvas with unbridled possibility. Such expansive structures with redevelopment potential are a rarity within Crested Butte, and the story of the Majestic Plaza is poised for its next chapter.

Potential for Expansion

Double-height spaces could be transformed into second floors, expanding the rentable space to an impressive 9,679 square feet.

Located Within the “T” Tourist District

Endless opportunity for commercial and residential spaces
Reimagine Majestic Plaza with upscale retail businesses, offices, residences, brewing and distilling ventures, vibrant restaurants, and so much more.

Listing Agent: Nikki Pulitzer, Sotheby’s International Realty

I’ve been fortunate to have lived in so many spectacular places, but nothing compares to Crested Butte. I pride myself on knowing this historic town’s past and its community made of the most colorful blend of wonderful people.

As one of the Butte’s top real estate brokers and land purveyors, I’m not only familiar with our natural resources, land and mineral rights, but also where to find the best adventure or enjoy the most fantastic meal.

-Nikki Pulitzer, Listing Agent

M: +1 970.209.9004 • O: +1 970.349.6653 • nikki.pulitzer@sothebysrealty.com