For Sale
$3,000,000

396 Old Hartford RdColchester, CT 06415

Thriving 6-plex theater, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

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 Details for 396 Old Hartford Rd

Property type
Theaters & concert halls, Retail properties
Square Feet
19,742 SF
Year Built
1999
Lot Size (sq. ft)
473,933 SF

Location Insight

City
Colchester
County
New London
State
Connecticut
Latitude
41.5827994
Longitude
-72.3518655
396 Old Hartford Rd, Colchester, Connecticut

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396 Old Hartford Rd
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