Historic Three-Level Entertainment
For Lease
$695,000
27 Railroad St, Canaan, CT 06031
Three-level theater and studio plus separate street-front retail units with independent HVAC offer flexible event and commercial space.
Space SizeContact for details
Days on Market71
Property Features for 27 Railroad St
General Information
Standard status
Active
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,909
Building Details
Year Built
1923
Stories
3
Tenancy
Multi
Listing Agency:
William Pitt Sotheby's Int'l
(203) 209-1777
Listed By:
Lenore Mallett · License #RES.0803183
(203) 209-1777
Source:
Exprealty
Added: Jun 22
Changed: Aug 20
Last Checked: Aug 30 at 9:26PM
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.
A landmark three-level entertainment center featuring a large main theatre with soaring ceilings, flat tiered flooring, and structural seating for approximately 120 guests with removable seats for reconfiguration. The main level also includes a custom mural, vintage ticket booth, concession stand, a waitress station with a three-bay sink, and two multi-stall restrooms. A dedicated dance floor anchors the front of the stage, supported by a massive movie screen and full performance stage for live performances, guest speakers, and cinematic programming.
The second level includes a large studio space known as “The Ballroom” with soaring ceilings and an additional large movie screen, plus two multi-stall restrooms, two projection rooms, two private balconies (one with an en-suite bathroom), and a secondary waitress station. The building also has a dedicated interior stairwell providing direct connection to the exterior and walkway. Two freestanding storefront units at the front of the building provide separate half bathrooms and their own heating and cooling, with current tenants in place.
Previously restored with a comprehensive $1M+ renovation in the early 2000s that revived original Art Deco details, the property is positioned to support both entertainment operations and complementary retail activity. With removable seating and multiple use-ready levels, it can fit operators seeking an adaptable venue alongside independent street-front commercial space.
The second level includes a large studio space known as “The Ballroom” with soaring ceilings and an additional large movie screen, plus two multi-stall restrooms, two projection rooms, two private balconies (one with an en-suite bathroom), and a secondary waitress station. The building also has a dedicated interior stairwell providing direct connection to the exterior and walkway. Two freestanding storefront units at the front of the building provide separate half bathrooms and their own heating and cooling, with current tenants in place.
Previously restored with a comprehensive $1M+ renovation in the early 2000s that revived original Art Deco details, the property is positioned to support both entertainment operations and complementary retail activity. With removable seating and multiple use-ready levels, it can fit operators seeking an adaptable venue alongside independent street-front commercial space.
Key Highlights
- Three‑level The Colonial Theatre in downtown North Canaan, built in 1923 and restored with $1M+ work in the early 2000s
- Main theatre features soaring ceilings, flat tiered flooring, and structural seating for approx. 120 guests (seats are removable)
- Upper level “The Ballroom” offers approx. 1,500 SF with soaring ceilings, additional large movie screen, 2 projection rooms, and 2 private balconies (one with en‑suite bath)
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
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 06031, CT
1,364
Population
795
Households
1.7
Avg Household Size
52
Median Age
57%
College-Educated
98%
High-School Grad
38.9 sq mi
ZIP Area
35
Density / Sq Mi
$99,219
Median Household Income
$40,781
Median Earnings
$1,802
Median Rent
$465,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Three-level theater and studio plus separate street-front retail units with independent HVAC offer flexible event and commercial space.
Where is this theater & concert hall located?
The property is located at 27 Railroad St Canaan, CT.
What is the lease rate?
The lease rate is $695,000.
What are key features of this property?
This property features: Three‑level The Colonial Theatre in downtown North Canaan, built in 1923 and restored with $1M+ work in the early 2000s; Main theatre features soaring ceilings, flat tiered flooring, and structural seating for approx. 120 guests (seats are removable); Upper level “The Ballroom” offers approx. 1,500 SF with soaring ceilings, additional large movie screen, 2 projection rooms, and 2 private balconies (one with en‑suite bath)
