Perm is offering a wide cross-section of commercial property that has struggled to find buyers for several years, underscoring the citys complex investment dynamics. Local media have identified five high-profile assets on the market: two former cinemas, a central hotel, a business centre and the former PERMM museum building.
Perm real estate for sale draws varied listings
Among the largest offers are the fourth and fifth floors of the Coliseum shopping and leisure complex, formerly occupied by the Cinema Park chain until February 2023. The combined space totals 6,585.5 square metres and could be doubled through reconstruction. The listed price has risen over time to 440 million rubles, reflecting both location and redevelopment potential.
Also long on the market is Hotel Kruiz in the city centre, first offered for sale in 2018. The five-storey building provides about 2,800 square metres of floorspace on a land parcel of 28.2 sotki (around 2,820 square metres). The property includes 50 guest rooms, a café and two saunas; furniture and equipment are included, and the owners indicate no immediate need for renovations. The asking price reached 175 million rubles.
A business centre at 34 Maksima Gorkogo Street has been available since 2019. The building offers more than 4,700 square metres, on-site parking for 25 vehicles and modern building services such as a staffed reception, 24-hour security, CCTV and access control. Market lists show a notable price increase from an initial 417 million rubles to 647 million rubles.
In the historic core, the former October cinema remains on sale after several years. Erected in 1957, the two-storey structure is sold with the fixtures and equipment used after closure, since it has housed a childrens play centre equipped with gaming machines, a 3D cinema, projectors and a café. The plot is held on a 50-year lease. Originally listed at 260 million rubles in the summer of 2025, its price has been reduced to 234 million rubles.
Finally, the former PERMM contemporary art museum on Gagarin Boulevard entered the market in April 2023. The five-storey building with a basement totals 2,940 square metres and sits on a 4,458 square-metre plot in the Motovilikha district, with parking for up to 50 cars. Asking prices for this asset swung between 260 million and 400 million rubles; by summer 2025 the owner removed it from sale and began offering it for lease. Owner Alexander Repin has not ruled out a sale should a sufficiently high offer appear.
These listings illustrate a mix of ready-to-operate facilities and properties with redevelopment potential. For investors, each parcel presents distinct opportunities and risks: from the challenge of repurposing former cultural sites to operating an established hotel with included assets. The trajectory of listed prices, notably the rise in the business centres valuation and the occasional price reductions elsewhere, suggests a market balancing demand for prime central assets against buyers caution.
Prospective purchasers and developers will watch whether any of these long-listed assets change hands in the coming months, or whether owners opt for leasing strategies instead. For Perm, the outcome will shape the city centres commercial mix and could signal broader trends in regional property investment across Russia.
Key Takeaways:
- Perm real estate for sale includes five long-listed commercial properties: former cinemas, a hotel, a business centre and a museum building.
- Prices range from about 175 million to 647 million Russian rubles, with some assets re-priced or offered for rent.
- Properties include ready-to-operate facilities and larger redevelopment opportunities totalling several thousand square metres.
