1380 E Putnam Ave - Freestanding FOR SALE


Old Greenwich, CT 06870
$2,950,000 USD
203-977-3269
1380 E Putnam Ave, Old Greenwich, CT for Sale
$2,950,000 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

1380 E Putnam Ave
Old Greenwich, CT 06870


HIGHLIGHTS

  • Value-Add Opportunity
  • Development Potential
  • High Degree of Visibility & Convenient Access

OVERVIEW

We are pleased to present for sale or lease 1380 East Putnam Avenue in Old Greenwich, Connecticut for $2,950,000 or $55 PSF NNN. 1380 East Putnam Avenue is a 4,834± SF single-story retail building located within the well-established Route 1 Retail Corridor, 0.25± miles from Exit 5 of Interstate 95, 0.4± miles from the border of the City of Stamford, and 1 mile from the Old Greenwich Metro-North Train Station. The property is currently vacant, providing the opportunity for it to be delivered unencumbered for an owner-occupant or the ability to increase value through lease-up. The building sits on a 0.28-acre corner site that has 120’± of frontage on East Putnam Avenue (14,900± VPD), 140’± frontage on Ferris Drive, and provides a parking ratio of 4.34/1,000 SF. The property benefits from its strategic location within a supply constrained, regional drawing local and national retail corridor that has consistent tenant demand and notable immediate neighbors including the Hyatt Regency Hotel, Walgreens, Edge Fitness Club, Staples, Starbucks, Chipotle, McDonald’s, CVS, ACME Markets, Verizon, Taco Bell and Boston Market, in addition to numerous corporate businesses.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

LB

APN/PARCEL ID

GREE-000006-000000-003961-S000000

ASK ABOUT THIS PROPERTY

Al MirinCushman & WakefieldMore Info
203-977-3269

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Al MirinCushman & WakefieldMore Info
203-977-3269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.