According to a post on Mayor Dave Kaplan’s Facebook page , the Des Moines Theater – located at 22325 Marine View Drive – has been sold.
“The Des Moines Theatre has finally sold to someone who will make the investments needed for the project to succeed,” Kaplan said. “Looking forward to the results we seek to the centerpiece of our Marina District.”
According to a deed search with King County, the new owner is Daniel D. Spalding, a Musician/Artist/Developer from Spokane.
The building sold for $430,000, and includes 10,572 square feet of space.
“Excellent mixed-use building opportunity,” the listing  reads. “First run movie rights included in sale. Space available to add retail, restaurant, and second level of office or multi-family.”
According to the Des Moines Historical Society :
“The theater was opened as the Des Moines Cinema in March 1947 by Delbert and Wally Osterhoudt to house a 400 seat cinema, retail stores, and office spaces. Wally Osterhoudt served on the Des Moines City Council and was mayor from 1964-69. On the second floor Dr. Frank Underhill and Dr. Youker had offices.
The building also housed Dee’s Mart, and the Des Moines Drugstore for awhile in the Northeast corner.
The cinema over the years has changed hands and had been closed entirely. In 1973 the Theater was sold and changed from running family oriented films to showing “adult” movies. Local groups picketed the theater in the 1970s, and in the 1980s the city even took legal action. In the 1990s the theater reopened under new management and reverted to showing family oriented films and again is a community asset. It features 1940s decor, snack bar, a stage, and with second run movies affordable prices for the residents of Des Moines. The Cinema is a good place for old fashioned family entertainment and is conveniently situated on Marine View Drive walking distance from several dining establishments.”