Iconic Theater with Parking
31 Main Street Annex, New Haven, CT 06511
Theater with parking lot and potential for repurposing.
Type:Commercial
Property size:
7,126 SFLot size:
0.21 AcresPrice / SF:
$182/SF- Added:
- Apr 8, 2026
- Days on Market:
- 54
- Last Refresh:
- Apr 8 at 8:09 pm
Property Features for 31 Main Street Annex
General Information
- Standard status
- Active
- Size
- 7,126 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent PHYLLIS MARTINO License #RES.0816728
Listing office mygoodagent (888) 257-8265
Listing date Apr 8, 2026
Source Corcoran
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 mygoodagent
HighLights
- BA, Assembly zoning offers immeasurable potential for various uses.
- Includes adjacent parking lot (9,310 sf) with approximately 27 spaces.
- Large open theater space suitable for repurposing.
- Original stage intact in the back space.
- Includes 2 restrooms, office space, and storage space.
- Original lighting and fabric on the walls are still being used.
Overview
This property features an iconic theater and an adjacent parking lot. The parking lot, located at 21 Main St Annex, provides approximately 27 spaces and measures 9,310 square feet. The theater, zoned BA, Assembly, includes two restrooms, office space, and storage space. The theater space is large and open, offering immeasurable potential. The original stage remains intact in the back space behind the main screen, and the original lighting and fabric on the walls are still in use. The property size is 7,126 square feet. The property is located in New Haven, CT.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.9k | $21.60 |
| − Vacancy | −$6.9k | −$0.97 |
| EGI | $147.0k | $20.63 |
| − OpEx | −$44.1k | −$6.19 |
| NOI | $102.9k | $14.44 |
7,126 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.47M
$1.29M – $1.71M
NOI $102,897 @ 7.0% cap · market cap 7.92%
Second Best
Industrial
$974.8K
$853.0K – $1.14M
NOI $68,239 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$2.29M
$2.01M – $2.67M
NOI $160,458 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Fairmount Theater
Theater & Performing Art Venue
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8916602
- Latitude
- 41.2883167
Nearby Similar for Sale
FAQs
What type of property is this?
Theater & concert hall - Theater with parking lot and potential for repurposing.
Where is this theater & concert hall located?
The property is located at 31 Main Street Annex New Haven, CT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: BA, Assembly zoning offers immeasurable potential for various uses.; Includes adjacent parking lot (9,310 sf) with approximately 27 spaces.; Large open theater space suitable for repurposing.
