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The Lancaster Theater was on Jefferson Avenue in the middle of the shopping district across from Coolidge Highway. I was born in 1951 and spent every Saturday afternoon there along with my friends watching scary movies. The price of admission was fifteen cents for kids. It was a beautiful old theater with a balcony where the teenagers would sit and make out. It was closed down in the 1960's. Sorry I don't have any real dates for you, just fond memories.
Source: Kevin Seavitt
The Lancaster Theatre was owned by Grandfather a man by the name of Thomas Lancaster. He also owned a number of other theaters the Vest Pocket theater and maybe a few others. He retired at 40 a millionaire to a big mansion on Grosse Ille. He was my grandmother's second husband and they married later in their 50s.