CBRE is pleased to offer the opportunity to acquire The Ivar Theatre, a prime commercially zoned live performance venue in the heart of Hollywood’s Vinyl District. Situated one block south of the world famous Walk of Fame, The Ivar Theatre represents a buyer with the ability to plant their flag in the entertainment capital of the world.
The subject property consists of a two-story commercial theatre building with mezzanine totaling 8,558 SF on 7,352 SF of land. Highlighted by a 232-seat theatre with stage and mezzanine with projector room, the facility also provides green room, practice space and ancillary support and office space. The property is in close walking distance to iconic venues such as the Pantages Theatre, the Cinerama Dome, The Montalban and The Fonda Theatre as well as high-end lodging such as the W Hotel, Dream Hotel, Hollywood Volume, The Hollywood Grande and Godfrey Hotel.
With flexible commercial zoning and its location within an Opportunity Zone, The Ivar Theatre offers great optionality that is ideal for an owner-user or investor with a variety of potential leasing or redevelopment possibilities in one of Los Angeles’ most dynamic live-work-play neighborhoods.