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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

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.
More about this property
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