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Panida offering a Little Theater lease opportunity

 
July 25, 2022

Got a great idea for a business in one of downtown Sandpoint's most prime locations? The Panida's Little Theater is available for lease – and the Panida management is inviting proposals from potential businesses or groups that will partner in the space.

"We have some well qualified applicants for the space already," noted Panida Managing Director Veronica Knowlton. "But in the interest of giving the broader community notice of this opportunity, and simply to do our own due diligence, we're going to accept applications for at least a few more weeks."

The Panida is looking for a special sort of business for the space, because operations in the Little Theater must be collaborative with the Panida's primary performing arts mission.

The Little Theater is adjacent to the main theater at 302 First Avenue. The entire building comprises 3,000 square feet, but the portion that is available for lease is only the front two-thirds, about 1,750 square feet.

The back area of the theater houses a public meeting and performance space where the Panida and community organizations stage special events, movies, live music, theater and other gatherings. Use of that space could potentially be shared with the lessee.

Ideally, said Knowlton, the business or activities in the Little Theater can leverage the foot traffic and attendance at events both in the main and Little theaters. That could be a big benefit for a food vendor, a wine bar, a coffee shop, retail or other creative businesses.

To meet the Panida's fiduciary duties, Knowlton noted it's important that the portion for lease be at market rates, currently about $2.25 per square foot.

"Make no mistake: We want our lessee to succeed!" she said. "And with the right business there, our events will bring people right to your door, and into your door in fact."

To start a dialog and arrange a tour of the space, provide a brief description of your proposed business, to info@panida.org

Not all applicants may be invited to submit proposals, but all queries will be answered.

Questions or Comments? Send us an email!

9B.News
Mike Weland, Publisher
mike@9b.news  

6931 Main St.
P.O. Box 1625
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