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Historic Theater With Streetfront Retail
For Sale
$695,000

27 Railroad Street, North Canaan, CT 06018

Commercial For Sale, North Canaan, CT

Property Size10,383 SF
Lot Size0.24 Acres
Price / SF$66.94
Days on Market74

Property Features for 27 Railroad Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning 3
Directions From Route 44 to Railroad St. Park in #25 parking lot (private lot, gravel)
Standard status Active
Size 10,383 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2027
Tax Annual Amount 6909

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Amenities

marquee
neon lights
custom mural
vintage ticket booth
concession stand
massive movie screen
full performance stage
dance floor
waitress station
restrooms
ballroom
private balconies

Building Details

Year built 1923
Listing Agency: William Pitt Sotheby's Int'l · Sotheby's International Realty
Listed By: Lenore Mallett · License #RES.0803183
Added: Jun 22 Changed: Aug 30 Last Checked: Sep 3 at 2:06PM
MLS# 24178306

Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1923, this three-level theater property combines a restored Art Deco interior with multiple commercial components. The venue accommodates approximately 400 guests across its two primary floors and includes a main auditorium with removable seating for approximately 120, tiered flooring, a movie screen, performance stage, dance floor, concession stand, waitress station, and two multi-stall restrooms. The second floor adds the 1,500-square-foot Ballroom, another movie screen, two projection rooms, two private balconies, an en-suite bathroom, a secondary waitress station, and two additional multi-stall restrooms. A comprehensive restoration exceeding $1M was completed in the early 2000s.

Two freestanding storefront units face the street, each measuring approximately 1,000 square feet and equipped with a half bathroom plus dedicated heating and cooling. Both spaces are leased, with At Home in the Studio and Canaan Kids Art Space identified as current tenants. The property occupies 0.24 acres at 27 Railroad Street in downtown North Canaan, with frontage along State Route 7, public water and sewer, central air, and a prominent retro marquee.

Key Highlights

  • 10,383‑square‑foot theater property built in 1923
  • Main venue accommodates approximately 400 guests across two primary floors
  • 1,500‑square‑foot second‑floor Ballroom with screen, projection rooms, balconies, and restrooms

Property Analytics

Current Use

Stunning Styles Hair Hair Salon Canaan Colonial Theatre Cinema

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service Storage Facility Pharmacy (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

247
Businesses Nearby
54k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Groceries 37% Shops & Services 10% Home Improvements & Furnishings 6%
Stop & Shop Groceries
19,823 visits/mo 0.5 miles
Dunkin' Donuts Dining
13,237 visits/mo 0.4 miles
McDonald's Dining
11,860 visits/mo 0.3 miles
C A Lindell Ace Hardware Home Improvements & Furnishings
3,377 visits/mo 0.2 miles
Mobil Shops & Services
2,805 visits/mo 0.4 miles

Demographics for 06018, CT

2,610
Population
1,240
Households
2.1
Avg Household Size
46
Median Age
25%
College-Educated
90%
High-School Grad
13.3 sq mi
ZIP Area
196
Density / Sq Mi
$56,328
Median Household Income
$43,724
Median Earnings
$1,270
Median Rent
$256,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Restored entertainment venue with flexible event areas, performance infrastructure, and separately leased storefront suites.
Where is this theater & concert hall located?
The property is located at 27 Railroad Street North Canaan, CT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 10,383‑square‑foot theater property built in 1923; Main venue accommodates approximately 400 guests across two primary floors; 1,500‑square‑foot second‑floor Ballroom with screen, projection rooms, balconies, and restrooms
More about this property
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