109 Main StPutnam, CT 06260

Property Details for 109 Main St

Year built

1888

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

11,430 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PUTN M:015 L:047 U:000

APU

PUTNM015L047U000

Description

This exceptional 14,622 square foot commercial building, situated on a 0.15-acre lot at the prominent intersection of Route 44 and Main Street in Putnam, Connecticut, presents a unique investment opportunity. The brick structure boasts 11,430 square feet of usable space, ideal for retail, gallery, or mixed-use ventures. Its prime downtown location in the "Antiques Capital of New England" ensures high foot and vehicle traffic, maximizing visibility and accessibility. Previously home to a renowned antiques marketplace, recognized as a top New England store by Yankee Magazine, this property offers a turnkey solution for a new business or expansion. The building features a newer rubber roof installed in 2016. Putnam's strategic location, within 30 minutes of Worcester, MA, 45 minutes of Providence, RI, and under an hour from Hartford and New London, CT, provides access to a large regional market. This thriving town, lauded by Boston Magazine as one of the "15 Best Small Towns to Visit in New England," offers a vibrant and growing community. The sale includes both the building and the established business. This is a rare chance to acquire a cornerstone property in a bustling historic district.

• CAP approach

  CAP return

  Valuation

  6%

  $2,777,889

  6.5%

  $2,564,205

  7%

  $2,381,048

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,763,478

  Geo Method

  $3,763,478

• Alternative Use

  Use

  Valuation

  Residential

  $2,163,003

  Hospitality

  $1,981,299

  Educational

  $1,648,418

  Medical

  $1,705,109

  Retail

  $2,564,205

Location Insight

City

Putnam

County

Windham

State

Connecticut

Latitude

41.9155

Longitude

-71.9091

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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