16 South St - Sports and Entertainment FOR SALE


Auburn, NY 13021
$100,000 USD
315-604-0718
16 South St, Auburn, NY for Sale
$100,000 USD
Sports and Entertainment - FOR SALE
1/19
null | Request Cap Rate

NEW


16 South St
Auburn, NY 13021


OVERVIEW

We proudly present the opportunity to acquire the historic Schine’s Theater located at 16 South Street in the heart of Downtown Auburn, NY. This sale will follow an open offering process, w/ best and final offers due by 5:00 PM on March 31, 2026. All offers must include a detailed plan outlining the proposed use of the property, a comprehensive restoration approach, & an anticipated timeline. The restricted use of this building will remain focused on the performing arts & is not eligible to become housing. Additional submission guidelines are available upon request. Built in 1938 and designed by the famed architect John Eberson, the Schine’s Theater is a stunning example of Streamline Moderne, a late Art Deco style. The building boasts a ceramic brick & terra cotta façade, a dramatic marquee, & a 2,000-seat auditorium highlighted by sweeping curves & a “shooting star” motif. The theater debuted on September 15, 1938, with “Four’s a Crowd” starring Errol Flynn and Olivia de Havilland. For nearly four decades, the Schine’s served as Auburn’s cultural heartbeat, hosting films and live events. Following the dissolution of the Schine chain in the mid-1960s, the building went through phases as the Auburn Music Hall (1978–1980) and Charlie’s Nightclub (1980–1983), during which interior alterations occurred. In the early 1990s, community momentum grew for its revival. A feasibility study was completed in 1993, and the building was added to the New York State Register of Historic Places in 1994 and the National Register of Historic Places in 2000. These designations make the property eligible for key preservation incentives including, but not limited to, $1,000,000 Restore New York Grant along with other grant and tax credit opportunities available through Empire State Development, Historic Preservation Tax Credits, and other art related grants. The Schine’s Theater remains a remarkable piece of Auburn’s identity and with the right investor it holds promise to become a thriving community anchor once again.

FOR SALE DETAILS

PRICE

$100,000 USD

PRICE/SF

$4 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,370 SF

ZONING

C2

APN/PARCEL ID

050100-116-045-0002-073-000-0000

ASK ABOUT THIS PROPERTY

Matt ChalanickBouck Commercial Real EstateMore Info
315-604-0718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt ChalanickBouck Commercial Real EstateMore Info
315-604-0718

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.