subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Tue, Nov 24 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Published October 10, 2006 12:09 am - It took two auction tries, but the former Meadville Cinemas building and business, at 952 Park Ave., apparently has a buyer through eBay, the Internet auction site.

Winning online bid for former cinemas is $119,100


By Keith Gushard

101006

It took two auction tries, but the former Meadville Cinemas building and business, at 952 Park Ave., apparently has a buyer through eBay, the Internet auction site.

“We should have a signed sales agreement this week,” said Clint DeMarsh, vice president of Epic Theatres of DeLand, Fla., the theater’s current owner. “We’re hoping to close within 60 days.”

The winning bid was $119,100 by “jonridecoasters” and was one of only two received, according to the bid history listed on eBay. The only other bid was for the listed minimum of $119,000 by “bndenterprise.”

DeMarsh declined to reveal the identity of the winning bidder for the four-screen theater.

Attempts to contact the winning bidder through eBay’s message center were unsuccessful.

“I know he’s a theater operator and he likes the Meadville market,” DeMarsh said. “He’s securing financing (for the project). We’re not offering financing.”

The four-screen theater closed in late April and went for sale on eBay’s real estate section in May.

However, in an interview in April, Frank DeMarsh, president of Epic and Clint DeMarsh’s brother, told the Tribune that The Movies at Meadville, a 10-screen first-run movie theater complex that opened in September 2005 in Vernon Township, was a factor in the closure.

Jon Goldstein, general partner of The Movies at Meadville, said Monday he welcomed the competition, but “I don’t know how they’ll make it work.”

“If I would have thought there was a reason to buy it, I would have bought it,” he said.

Epic’s original asking price for the business and 9,600-square-foot building was listed on eBay at $180,000 — $120,000

for land, building and seats with another $60,000 for theater equipment. The property got some offers, but Epic wanted an outright sale.

It went to an auction format for 10 days Aug. 19 with an unnamed reserve — or minimum — bid. However, it only received six bids then and the highest was $75,100.

It then went back up on an eBay auction with a minimum of bid of $119,000.

The Meadville Cinemas began in 1968 at its current 952 Park Ave. site when Chester DeMarsh, Clint’s father, built a two-screen theater. It was modified to four screens in 1985.



print this story    email this story   
Click here to load this Caspio Bridge DataPage.
Click here to load this Caspio Bridge DataPage.






autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Premier Guide
Premium Jobs

Painter's Helper's for Salt Painting
Commercial and Industrial painting company looking for Painter’s Helpers
to work flexible hours and days and so
...>MORE

Caregivers

Caregivers

Are you looking for a great place to work? Join us in our Culture Change journey as we becom
...>MORE

Drivers for Renzenberger Inc.
Drivers wanted to transport railroad crews in the area. Paid training, benefits, & company vehicle provided. Starting p...>MORE

Customer Service
Holiday/Semester Break Work
All Students ages 18+ apply now, $16.25 base-appt., PT now and/or FT on break, customer
...>MORE

Draftsperson
DRAFTSPERSON - Looking for someone with CAD experience to prepare detailed shop drawings of architectural designs and pl...>MORE

See all ads

Premium Photos

See all ads

Premium Real Estate

See all ads

Premium Promos: Check It Out!

Shop Close to Home Directory
• House cleaning
• Package wrapping
• Home decorating
• Meat processing
• Massage therapists
...>MORE

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index