354 Main St Winsted, CT 06098-1640
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.
-
Gilson Cafe & Cinema Cafe & Coffee Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TC · Winsted, CTWinsted. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.