1380 Putnam Ave Greenwich, CT 06870
- Retail properties
- 4,834 SF
- 0.28 lot acres
Current Use by Public Records
- Salon Varcha LLC / Beauty Salon
Property Details for 1380 Putnam Ave
- Lot size
- 0.28 lot acres
- Property size
- 4,834 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This vacant 4,834 square foot storefront in Greenwich, CT, is offered at $2,950,000. Located on a 0.28-acre corner lot with 21 parking spaces, the property boasts high visibility on East Putnam Avenue (Route 1) and Ferris Drive, enjoying 120 feet of frontage on East Putnam Avenue and 140 feet on Ferris Drive. The building is a single-story Class B structure within a thriving retail corridor, benefiting from high traffic volume (14,900 vehicles per day on East Putnam Avenue). Its strategic location near Interstate 95 (Exit 5), the Old Greenwich Metro-North Train Station, and numerous national retailers (including Walgreens, Starbucks, and Chipotle) ensures strong consumer traffic. The property is zoned LB and presents a value-add opportunity for owner-occupancy or lease-up, offering significant potential for return on investment. The 4.34 parking spaces per 1,000 square feet provides ample parking for customers. This location is within a supply-constrained market with consistent tenant demand. The property is currently vacant, allowing for immediate occupancy or lease-up to generate significant net operating income. This presents a unique opportunity to capitalize on the strong retail environment in Old Greenwich.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwich
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.5723
- Latitude
- 41.0443
