MEMPHIS, Tenn. — The MALCO Summer Drive-In, the city's only drive-in movie theater, is up for sale. The 31-acre property at 5310 Summer Avenue near Interstate 40 is listed by Michael Lightman Realty, part of the same family that owns the theater. The property is assessed at $330,760. The Sum mer Drive-In was opened in 1948 by Holiday Inn founder Kemmons Wilson, and moved to its current location in 1966. In recent years, it has been home to the Time Warp Drive-In film series. Former Railgarten site up for sale MALCO's website says the theater is scheduled to reopen in mid-April. With the property listed for sale, it is uncertain whether it will open. Only a few hundred drive-in movie theaters still exist in the U.S. today, down from a peak of 4,000 in the late 1950s. ...read more read less