I'm glad to say that this is now the home of the Majestic Repertory Theatre. It is no longer a part time theatre by night and a gallery during the day. I exchanged online messages with the director of Majestic and he confirmed that it was a theatre only--home to Majestic Repertory.
I have been to four productions in this theatre. It is minimal but that allows the directors to taper performance area and seating to be suit the particular production.
There has been a musical like Little Shop of Horrors and a drama--The Bad Seed. The director of the company has three more shows during the season already planned and there will be more in between as with last nights presentation by UNLV's African American Student Association of Theatre and Film.
It is so good that this new company has a home. Go see some theatre. Support the arts!
BTW, the address is 1217 not 1219 that my phone's GPS unit picked up last night when I entered the business.