Historic Athenaeum Theatre in Columbus for Sale – $8.5M

by Chief Editor

A historic Downtown theatre venue is now on the market. The Athenaeum, located at 32 North Fourth Street, was listed for sale last month following its closure in September.

A Building Steeped in History

Completed in 1898, the original portion of the Athenaeum building began as a Masonic lodge meeting hall. Over the decades, the structure expanded to nearly 160,000 square feet. Today, the four-story building features ballrooms, event spaces, and a commercial kitchen.

Did You Know? The Athenaeum building is 127 years old as of 2026.

The Athenaeum has previously hosted a variety of events, including weddings, galas, concerts, and live comedy shows. The building was most recently acquired by TempleLive, an Arkansas-based company that operated five similar properties, all of which were shuttered last September.

Sale Details and Future Development

The property is currently listed for $8.5 million, or $53 per square foot, by The Robert Weiler Co. While parking is limited on-site, a 680-space public parking garage is located within a block at 4th & Elm.

Expert Insight: The timing of this sale, coupled with the planned construction of The Capital Line, suggests a potential opportunity for a buyer to capitalize on increased pedestrian and bicycle traffic in the area. Still, the lack of dedicated parking could present a challenge for certain types of events or businesses.

Upon completion of The Capital Line – a two-mile pedestrian and bike loop – The Athenaeum will be positioned at a key intersection in the central city.

Frequently Asked Questions

When was the Athenaeum originally built?

The original portion of the Athenaeum building was completed in 1898.

What types of events has the Athenaeum hosted?

The Athenaeum has hosted weddings, galas, fundraisers, concerts, live comedy, and festivals.

What is the asking price for the property?

The property is listed for sale for $8.5 million ($53 per square foot).

What role might the Athenaeum play in the future of Downtown Columbus as the city continues to invest in pedestrian and bicycle infrastructure?

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