Huntington Drive-In Theatre Up For Auction (NBC33 VIDEO)

By Eric DeFreeuw - NBC33

April 1, 2014 Updated Apr 1, 2014 at 6:44 PM EDT

HUNTINGTON, Ind. (NBC33) - The fate of a Huntington landmark could be determined Sunday afternoon when it is put up for auction.

The Huntington Drive-In Theatre has been for sale since July, but no substantial offers have been made. The sale will be broken down into three plots totaling up to 17 acres including the 12-acre two screen theatre with all concession stand and projection facilities included.

According to Alan Updike, who is in charge of the auction, the owners of the property say they would like to retire and see new, younger owners step in.

"They have spent numerous hours and tens of thousands of dollars there making it successful. Last year was the best year that they've had. But it comes a time in life when they need to move on."

The auction is "subject to seller confirmation," meaning they could ultimately veto any offer if they feel it is not fit.

While they would love to see the property sold to a buyer interested in keeping the theatre alive, they say they would most likely sell to the highest bidder regardless of intent.

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