1116 Putnam AveGreenwich, CT 06878

This exceptional Greenwich, CT property, located at 1116-1130 East Putnam Avenue, presents a compelling investment opportunity. The 43,338 square foot lot boasts a prime corner location in the prestigious Riverside section, offering excellent visibility along Route 1. The property includes two commercial buildings and two residential buildings, totaling 9,592 square feet. The main commercial building, constructed between 1920 and 1950 and remodeled in 2006, comprises 6,036 square feet and features four storefronts, a six-bay garage, and a basement. Currently, Mavis Tire is the primary commercial tenant, along with three smaller stores. The two residential buildings, built in 1900 (2,164 sq ft) and 1936 (1,056 sq ft), each offer two stories over a basement, and there's also a separate two-car garage (336 sq ft). The property's zoning is a blend of LB (Local Business, 76%) and R-12 (Residential, 24%), allowing for a variety of commercial and/or multifamily uses. The rectangular lot shape and relatively flat topography further enhance its development potential. The asking price is $4,700,000. This property offers a unique blend of existing income and significant redevelopment potential in a highly desirable location. The year built for the main commercial building is 1950.