40-Room Hotel with
For Sale
Contact for pricing
Pending
5 Heritage Rd, Putnam, CT 06260
Two-story hospitality property with guest amenities, event facilities, restaurant infrastructure, and substantial on-site parking.
Property SizeContact for details
Lot Size7.20 Acres
Days on Market143
Property Features for 5 Heritage Rd
General Information
Standard status
Pending
Lot size
7.20 Acres
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
40
Commercial Hood
Yes
Additional Details
Cap Rate
15%
Amenities
banquet room
conference room
laundry
smart key system
Building Details
Stories
2
Listing Agency:
Gallagher Real Estate
(413) 218-4899
Listed By:
Michael Andre · License #MA 9566616
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gallagher Real Estate
Investment Insights
Based on property information with market context.
This two-story hotel occupies 7.2 acres and offers 40 guest rooms, including 20 rooms with two beds and 20 king rooms. The property is being converted to a Motel 6, with room and construction updates scheduled for completion by January 2023. There is no elevator. A smart key system serves all guest rooms, and the property’s POP system was updated in 2018.
On-site amenities include a restaurant with seating for 40, a separate lounge and bar area, walk-in refrigerator, deep freeze, keg chiller, commercial hood ventilation, and refrigeration equipment. Additional facilities include a banquet room with bar service, a large conference room, hotel and guest laundry equipment, an owners suite, and more than 125 parking spaces.
The property is directly off Interstate 395, with reported combined traffic exceeding 20,000 cars per day. Heritage Road traffic is reported at more than 3,000 cars per day. The stated cap rate is approximately 15%.
On-site amenities include a restaurant with seating for 40, a separate lounge and bar area, walk-in refrigerator, deep freeze, keg chiller, commercial hood ventilation, and refrigeration equipment. Additional facilities include a banquet room with bar service, a large conference room, hotel and guest laundry equipment, an owners suite, and more than 125 parking spaces.
The property is directly off Interstate 395, with reported combined traffic exceeding 20,000 cars per day. Heritage Road traffic is reported at more than 3,000 cars per day. The stated cap rate is approximately 15%.
Key Highlights
- 40 guest rooms: 20 with two beds and 20 with king beds
- 7.2‑acre hotel property with more than 125 parking spaces
- Restaurant seats 40 and includes lounge, bar, walk‑in refrigerator, deep freeze, and keg chiller
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 06260, CT
9,236
Population
4,289
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
85%
High-School Grad
20.1 sq mi
ZIP Area
460
Density / Sq Mi
$67,353
Median Household Income
$41,491
Median Earnings
$1,124
Median Rent
$257,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Two-story hospitality property with guest amenities, event facilities, restaurant infrastructure, and substantial on-site parking.
Where is this hotel located?
The property is located at 5 Heritage Rd Putnam, CT.
What are key features of this property?
This property features: 40 guest rooms: 20 with two beds and 20 with king beds; 7.2‑acre hotel property with more than 125 parking spaces; Restaurant seats 40 and includes lounge, bar, walk‑in refrigerator, deep freeze, and keg chiller
