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    396 Old Hartford Rd Colchester, CT 06415

    For Sale
    $3,000,000

    Thriving 6-plex theater, high occupancy.

    Property size:
    19,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a fully operational, six-screen digital cinema in Colchester, Connecticut. The Gallery Cinemas boasts a substantial 19,742 square foot building situated on a generous 10.88-acre lot, providing ample parking. Recently repaved, the parking lot enhances the overall appeal and convenience for patrons. Built in 1999, the theater features a total seating capacity of 820. The property enjoys 100% occupancy and benefits from a full sprinkler system, city water and sewer connections, and propane heating. Estimated annual ticket sales and concessions revenue is $1,200,000. This turnkey operation is offered at an asking price of $3,000,000 and presents a rare chance to acquire a well-established and profitable entertainment venue in a desirable location. The property's size and amenities make it an attractive investment for both seasoned and aspiring commercial real estate investors seeking a stable and high-performing asset. The substantial lot size also offers potential for future expansion or development, adding further value to this already impressive property. The property is located at 396 Old Hartford Rd, Colchester, CT 06415.

    Property Features for 396 Old Hartford Rd

    General Information

    Property type
    Theaters & concert halls
    Square Feet
    19,742 SF
    Lot Size
    473,933 SF

    Building Details

    Year Built
    1999

    HighLights

    • 6‑plex digital cinema with 820 seats, built in 1999.
    • 19,742 SF building on a 10.88‑acre lot.
    • Fully sprinklered with city water, sewer, and propane heat.
    • Recently repaved parking lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gallery Cinemas Movie Theater ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    New London
    State
    Connecticut
    Longitude
    -72.3518655
    Latitude
    41.5827994

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    FAQs

    What type of property is this?
    Theater & concert hall - Thriving 6-plex theater, high occupancy.
    Where is this theater & concert hall located?
    The property is located at 396 Old Hartford Rd Colchester, CT.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 6-plex digital cinema with 820 seats, built in 1999.; 19,742 SF building on a 10.88-acre lot.; Fully sprinklered with city water, sewer, and propane heat.
    (203) 596-7777
    Request Owner's contact information
    396 Old Hartford Rd Colchester, CT 06415
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    Colchester, CT 06415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    396 Old Hartford Rd Colchester, CT 06415
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