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Property profile & analytics
OFF-MARKET
Theaters & concert halls

354 Main St Winsted, CT 06098-1640

11,972 SF 0.27 ac lot Built 1928
Entity Owned 19-yr Hold Free & Clear
Property ID
US15-0234210
Property summary
AI-generated overview

This exceptional commercial property at 354 Main Street, Winchester, Connecticut presents a rare investment opportunity. The 11,972 square foot building sits on a 0.27-acre lot and is currently configured as a unique dual-theatre complex with a built-in restaurant and lounge bar. The two theatres boast a combined seating capacity of 200 guests, offering a distinctive entertainment experience that includes food and beverage service. The property benefits from recent significant upgrades, including a $200,000 fire sprinkler system installation and a brand new $30,000 digital marquee, ensuring both safety and modern appeal. The building's Town Center (TC) zoning allows for considerable flexibility in future uses, opening doors to a variety of business ventures beyond its current configuration. Imagine the possibilities: continue operating as a thriving entertainment venue, or explore alternative uses within the versatile space. This property offers a compelling blend of established infrastructure and significant potential for growth, making it an ideal acquisition for discerning investors seeking a unique and high-impact commercial investment in a desirable Connecticut location. The asking price is $950,000.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1928
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 11,972 SF
Lot 0.27 ac (11,761 SF)
Zoning code TC
APN WINC M:110 B:001 L:004
UPID US15-0234210
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gilson Cafe & Cinema Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gilson Building Property · 19 yrs held
Gilson Building Property
since 2007
2 recorded transactions
2007
$1
1990
Price N/A
Zoning & alternative use
TC · Winsted, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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