For Sale
$950,000

354 Main StWinsted, CT 06098

Historic Theatre, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional commercial property, located at 354 Main St, Winsted, CT 06098, presents a rare opportunity to acquire a thriving, multifaceted business. The 11,972 square foot, two-story building, constructed in 1928, currently operates as a unique cinema and restaurant, offering a combined entertainment and dining experience. The property boasts two theatres with a combined seating capacity of 200 guests, a dedicated restaurant, and a lounge bar, all spread across the first and second floors. Recent significant upgrades include a $200,000 fire sprinkler system and a brand new $30,000 digital marquee, ensuring the property is well-maintained and equipped for continued success. The 0.27-acre lot is zoned TC (Town Center), providing flexibility for future development or business adaptations. This turnkey operation, priced at $950,000 ($79.35/sq ft), offers a compelling investment for an owner-user seeking a unique and established business. The building's rich history and prime location in Litchfield County, Connecticut, combine to create a truly exceptional investment opportunity. The property's versatility, coupled with its existing infrastructure and recent upgrades, makes it an attractive prospect for both continued operation as a cinema and restaurant or for conversion into other commercial uses. This is a chance to own a piece of Winsted's history and shape its future.

Highlights

  • $950,000 asking price for this unique commercial property.
  • 11,972 square foot building on a 0.27-acre lot in Winsted, CT.
  • Business for sale includes a two-screen movie theatre with seating for 200, a restaurant, and a lounge bar.
  • Features a Class B building constructed in 1928, with two stories and two units.
  • Recent upgrades include a $200,000 fire sprinkler system and a new $30,000 digital marquee.
  • TC zoning allows for diverse business uses.

Property Details for 354 Main St

Property type
Industrial properties
Square Feet
11,972 SF
Class
B
Year Built
1928
Buildings
1
Stories
2
Lot Size (sq. ft)
11,761 SF
Units
2

Location Insight

City
Winsted
County
Litchfield
State
Connecticut
Latitude
41.9213544
Longitude
-73.0696271
354 Main St, Winsted, Connecticut

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354 Main St
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