The property – 377-379 Bearwood Road – has a guide price of more than £475,000 in Bond Wolfe Auctions’ online sale on May 19.
The Windsor Theatre was later Sandwell Snooker Centre. It is on the corner with Dunsford Road.
It was opened on September 29, 1930, with Bessie Love in the film Chasing Rainbows.
The theatre was built for and operated by Hewitson’s Ltd, who also operated the previous Coliseum Cinema in Bearwood.
It had eight dressing rooms and, as well as films, variety acts were part of the programming in the early days.
After the Second World War it became a full-time live theatre.
The final production was the pantomime Mother Goose, starring Dave Starr, which ran for six weeks and closed the Windsor Theatre on February 6, 1960.
The Compton organ was removed from the building and installed in Oxley Parish Church, Wolverhampton.
The building stood empty and unused for several years but was later converted into an ice rink, which closed in 1973. It was a nightclub from 1980 to 1982 and was then converted into a snooker club.
By 2017, it was a bar, named Windsor Theatre, which featured live music acts.
In recent times it has fallen into disrepair but the property is locally listed and may be considered for a range of leisure uses or a mixed use development, subject to planning permission.
The record catalogue of 236 lots means that the auction will once again start at 8.30am to accommodate the fast growing interest in Bond Wolfe Auctions’ properties across the UK.
Also among the lots is The Barrel is a freehold, mixed use, town centre investment property in Bromsgrove Street, Kidderminster.
Formerly a pub, it has been extended and modernised to provide an investment of flats, restaurant, and storage units in the middle of Kidderminster close to the proposed major redevelopment of Lion Fields.
The restaurant is let, as are 10 of the 12 apartments are let and two of the nine storage units.
It has a guide price of more than £850,000.