The space the original Alamo Drafthouse theater once called home is on the rental market.
In the heart of Austin’s Warehouse District, the second floor space at 409 Colorado St. was most recently used as a nightclub. But longtime Austinites remember the space as the original location of their favorite movie theater chain. Tim and Karrie League opened the first Alamo Drafthouse in the space in 1997, and it remained there for 10 years until moving to the Ritz Theater on Sixth Street due to high rental costs in the Warehouse District.
The Craigslist posting suggests various uses for the second floor space:
“Uses include creative office, bar, restaurant, nightclub, brewery, theater, comedy club, day spa, entertainment venue, gaming venue, bocce, arcade, cocktail lounge, ping-pong social, bowling, musical performance, music venue, corporate event space, art gallery.”
But those 8,100 square feet won’t come cheap. The Downtown Austin Alliance lists the lease rate at $34 per square foot per year, which means you’ll have to shell out $275,400 a year (that’s $22,950 a month) if you’d like to turn the space into your next business venture. Not to mention they’d like you to commit to a long-term lease of five, seven or 10 years in order to rent the space. No big deal.