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Historic Mixed-Use Theatre with Storefronts
For Sale
$695,000

25 + 27 Railroad Street, North Canaan, CT 06018

A two-level performance venue is paired with two street-facing retail units, each occupied under an existing lease.

Property Size10,383 SF
Price / SF$66.94
Days on Market124

Property Features for 25 + 27 Railroad Street

General Information

Standard status Active
Size 10,383 SF
Property subtype Commercial
Zoning 3

Amenities

Window Display

Building Details

Building Size 10,383 SF
Year Built 1923
Stories 3
Listing Agency: William Pitt Sotheby's Int'l
Listed By: Lenore Mallett · License #RES.0803183
Source: Cappellorealty
Added: Jun 22 Changed: Oct 22 Last Checked: Oct 22 at 2:39PM

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

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Investment Insights

Based on property information with market context.

The Colonial Theatre combines a historic entertainment venue with two separately leased storefronts at street level. Built in 1923, the three-level property includes a main theatre with a movie screen, performance stage, removable seating and support areas. The upper floor adds a 1,500-square-foot studio, two projection rooms, private balconies and a separate exterior stairway. A restoration in the early 2000s renewed the building’s Art Deco details. Total building area is 10,383 square feet, and zoning is listed as 3.

Each storefront measures approximately 1,000 square feet and has a half bathroom plus independent heating and cooling. The theatre and storefronts are located on State Route 7 in downtown North Canaan. A separate adjacent parking lot has public water and sewer service and may be retained for parking or considered for an additional structure.

Key Highlights

  • 10,383‑square‑foot property built in 1923
  • 1,500‑square‑foot upper‑level studio with two projection rooms and private balconies
  • Two storefronts of approximately 1,000 square feet each; both have tenants and leases in place

Property Analytics

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Open Analytics

Current Use

Theaters & concert halls

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service Storage Facility Pharmacy Bakery

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - A two-level performance venue is paired with two street-facing retail units, each occupied under an existing lease.
Where is this mixed-use property located?
The property is located at 25 + 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 property built in 1923; 1,500‑square‑foot upper‑level studio with two projection rooms and private balconies; Two storefronts of approximately 1,000 square feet each; both have tenants and leases in place
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