It is on the market for offers of over £350,000.
Hinckley's iconic Danilo cinema, on the corner of Trinity Lane, was put up for sale in February and according to the estate agent's website is now under offer.
The building, which was officially opened by film star Judy Kelly in 1937, is on the market for offers of over £350,000.
On Savills website, it highlights that the while the outside of the art deco building has withstood time, 'internally the property is in significant disrepair'.
The building has had a number of names over the years including The Essoldo, The Classic, The Cannon and MGM Cannon however it has always been affectionately known as The Danilo.
Paul Gardner, from Hinckley District Past & Present, said: "As the building has been empty for many years it quickly deteriorated with pigeons getting into the remaining auditorium upstairs. Then the weather started getting in and that really sealed its fate. Sadly it has been an eyesore on the corner of Trinity Lane for many years."
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