396 Old Hartford Rd Colchester, CT 06415
- Showrooms
- 19,742 SF
- 10.88 lot acres
Current Use by Public Records
- Gallery Cinemas / Movie Theater
- ATM / Atm
Property Details for 396 Old Hartford Rd
- Year built
- 1999
- Construction
- STEEL FRAME
- Lot size
- 10.88 lot acres
- Property size
- 19,742 SF
- Zone code
- SU
- Property type
- Showrooms
- APN
- COLC M:005 B:010 L:033-000
- APU
- COLCM005B010L033000
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $470,000
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Location Insight
- Map
- Local Demand
- City
- Colchester
- County
- New London
- State
- Connecticut
- Longitude
- -72.3516
- Latitude
- 41.5824
- CBSA code
- 35980
- CBSA name
- NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA
