124 Pomfret St Putnam, CT 06260-1800
- Industrial properties
- 16,050 SF
- 2.29 lot acres
Current Use by Public Records
- Adriaenz / Auction House
- Atticus Auction Company LLC / Auction House
Property Details for 124 Pomfret St
- Year built
- 1959
- Construction
- CONCRETE
- Lot size
- 2.29 lot acres
- Property size
- 16,050 SF
- Property type
- Industrial properties
- APN
- PUTN M:015 L:158 U:000
- APU
- PUTNM015L158U000
Description
This exceptional 16,050 square foot industrial building presents a unique investment opportunity in the thriving town of Putnam, Connecticut. Situated on a generous 2.29-acre lot, the property offers significant potential for a variety of commercial uses. The building itself boasts ceiling heights ranging from 10 to 16 feet, providing ample vertical space for diverse operations. Originally constructed for manufacturing, its adaptability makes it suitable for storage, warehousing, or other commercial ventures. The expansive lot provides additional space for yard storage, allowing for efficient operations and future expansion possibilities. The property's central location is a key advantage, offering convenient proximity to Main Street and the local hospital, ensuring easy access for employees and customers. Furthermore, its strategic location provides easy highway access, facilitating seamless transportation of goods and services. The property's riverfront potential opens exciting avenues for future development, such as multi-unit residential projects or a restaurant, subject to necessary town approvals. This is a rare chance to acquire a substantial property in a growing community, offering both immediate utility and significant long-term development prospects. The asking price is $1,595,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $200,000
- 6.5%
- $195,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $200,000
- Mixed-Use
- $250,000
- Hospitality
- $225,000
- Educational
- $255,000
- Residential Income
- $210,000
- Energy
- $260,000
- Income-Based Land
- $250,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Putnam
- County
- Windham
- State
- Connecticut
- Longitude
- -71.9137
- Latitude
- 41.9126
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA