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    219 Pomfret St Putnam, CT 06260

    Sponsored
    For Sale
    $525,000

    63 Acres, Downtown Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 63.63-acre commercial land parcel presents a remarkable investment and development opportunity in the heart of Putnam, Connecticut. Located directly across from Day Kimball Hospital and near local amenities, this property boasts significant advantages. The lot, identified by APN 1712509, offers approximately 250 feet of frontage on a paved state road, providing convenient access. For added privacy, a secondary access point exists on Richmond Hill Road, along with an existing driveway. The mostly wooded land is lightly treed and potentially sub-dividable, opening doors to various development scenarios. Imagine medical offices, townhouses, condominiums, a senior living community, or even a renewable energy project – the possibilities are vast. Extensive due diligence has already been completed, including soil testing, a property inspection, and a thorough land records search. Percolation test, plot plan/survey, and soil survey documents are available. Public water and sewer services are readily accessible in the street. Electric and gas are also available. The property's assessed value is $173,400, with a current property tax of $5,746 (July 2024-June 2025) based on a 23.64 mill rate. This prime location, coupled with the completed due diligence, makes this a truly compelling opportunity for discerning investors and developers. The lot is staked and ready for your vision.

    Property Features for 219 Pomfret St

    General Information

    Property type
    Land
    Lot Size
    2,771,723 SF

    HighLights

    • 63.63 acres, per public records.
    • Single lot.
    • 250 feet of paved state road frontage.
    • Downtown location.
    • Lot staked.
    • Available documents: percolation test, plot plan/survey, and soil survey.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Putnam
    County
    Windham
    State
    Connecticut
    Longitude
    -71.921118
    Latitude
    41.910286

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    FAQs

    What type of property is this?
    Land - 63 Acres, Downtown Location, High Potential
    Where is this land located?
    The property is located at 219 Pomfret St Putnam, CT.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 63.63 acres, per public records.; Single lot.; 250 feet of paved state road frontage.
    (860) 576-3696
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    219 Pomfret St Putnam, CT 06260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Pomfret St Putnam, CT 06260
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