60 Providence PikePutnam, CT 06260

Property Details for 60 Providence Pike

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.70 AC

Property size (Sq ft)

70,608 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

PUTN M:026 L:006 U:000

APU

PUTNM026L006U000

Description

This exceptional retail opportunity is located inside a high-traffic Stop & Shop supermarket in Putnam, Connecticut, at 60 Providence Pike, zip code 06260. The space, totaling 500 square feet, offers a prime, front-of-store location providing unparalleled visibility and access to thousands of weekly customers. This "Store-Within-A-Store" concept offers several key advantages, including a high-traffic location strategically placed for maximum customer interaction, access to Stop & Shop's substantial customer base, and an all-inclusive monthly fee covering real estate taxes, property insurance, CAM charges, and utilities. Branding opportunities are available, both inside and outside the store. The property is situated in a thriving trade area with a desirable customer demographic. The space is ideal for businesses such as financial institutions, service businesses (e.g., pack and ship, repair services, dry cleaning), health and wellness providers, insurance agencies, and real estate offices. However, food and beverage services, restaurants, and smoke shops are prohibited uses. This is a unique opportunity to establish your business within one of the Northeast's most recognizable grocery store chains. The property is in Windham County, Connecticut.

• CAP approach

  CAP return

  Valuation

  6%

  $17,160,208

  6.5%

  $15,840,193

  7%

  $14,708,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,248,616

  Geo Method

  $23,248,616

• Alternative Use

  Use

  Valuation

  Residential

  $13,361,795

  Hospitality

  $12,239,333

  Educational

  $10,182,981

  Medical

  $10,533,189

  Retail

  $15,840,193

Location Insight

City

Putnam

County

Windham

State

Connecticut

Latitude

41.927

Longitude

-71.8773

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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