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."
Tributes to former leader Nick Rushton
103 years since the official opening of the Carillon Tower and War Memorial.
British Heart Foundation announces closure of 150 Stores over two financial year
Carelessly Discarded Cigarette Sparks Serious House Fire in Measham
Work starts on new primary school
Tribute to man who died in Loughborough
How local government re-organisation looks in Leicestershire
New ticket barriers planned at Nuneaton station
