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Historic Theater with Retail Frontage
For Sale
$870,000

25 + 27 Railroad St, Canaan, CT 06018

Multi-level theater with street-front retail units and a landmark marquee in downtown North Canaan.

Property SizeContact for details
Days on Market48

Property Features for 25 + 27 Railroad St

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1923
Stories 3
Listing Agency: William Pitt Sotheby's Int'l
Listed By: Lenore Mallett · License #RES.0803183
Source: Elliman
Added: Jun 25 Changed: Jul 10 Last Checked: Aug 10 at 4:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Pitt Sotheby's Int'l

Investment Insights

Based on property information with market context.

The Colonial Theatre is a landmark, three-level entertainment venue built in 1923, featuring a restored Art Deco identity and multiple on-site public-facing spaces. The building has a custom mural at entry, a vintage ticket booth and concession stand, and double doors leading into the massive main theatre. Inside, the auditorium offers soaring ceilings, flat tiered flooring, and structural seating for approximately 120 guests, with room to add additional seating. Across its two primary floors, the property is described as accommodating approximately 400 guests, and it also includes completely separate, high-visibility commercial retail units along the street-front facade.

Located at 25 + 27 Railroad St in Canaan, CT, the property is positioned in the heart of downtown North Canaan. The exterior is anchored by an iconic retro marquee with neon lighting, bringing a distinctive streetscape presence to the Litchfield Hills.

For an operator or buyer looking for a flexible entertainment and mixed-use setup, the theatre component supports programming where an in-house ticketing and concession experience is part of the guest flow. The separate street-front retail units can support complementary commercial uses, while the restored venue and original Art Deco details provide a turnkey character for events, performances, and community gatherings.

Key Highlights

  • Year built 1923 landmark three‑level Colonial Theatre in downtown North Canaan
  • Approx. 400 guests across two primary floors, plus main theatre with structural seating for approx. 120 guests
  • Street‑front facade includes separate, high‑visibility commercial retail units with immediate income potential

Property Analytics

Current Use

Theaters & concert halls

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.

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
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Frequently Asked Questions

What type of property is this?
Theater & concert hall - Multi-level theater with street-front retail units and a landmark marquee in downtown North Canaan.
Where is this theater & concert hall located?
The property is located at 25 + 27 Railroad St Canaan, CT.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Year built 1923 landmark three‑level Colonial Theatre in downtown North Canaan; Approx. 400 guests across two primary floors, plus main theatre with structural seating for approx. 120 guests; Street‑front facade includes separate, high‑visibility commercial retail units with immediate income potential
More about this property
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