364 School St Putnam, CT 06260-1336
Property profile & analytics
364 School St, Putnam, CT 06260-1336
- Showrooms
- 2,064 SF
- 0.17 lot acres
Property ID
US15-0329047
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Putnam House of Pizza / Restaurant
Property Details for 364 School St
- Year built
- 1960
- Construction
- FRAME
- Lot size
- 0.17 lot acres
- Property type
- Showrooms
- APN
- PUTN M:008 L:138 U:000
- APU
- PUTNM008L138U000
Description
This exceptional commercial property at 364 School St, Putnam, CT presents a unique investment opportunity. For 25 years, this mixed-use building has housed a thriving pizza restaurant on the ground floor and a residential apartment upstairs. The restaurant boasts a proven track record of success, demonstrating consistent year-over-year revenue growth of 8-10%. The current business model emphasizes takeout orders, minimizing operational costs associated with advertising, waitstaff, and delivery services. The property includes all real estate, fixtures, equipment, and inventory, offering a true turnkey operation. Potential buyers can seamlessly take over the established business, leveraging its existing customer base and profitability. Alternatively, the property can be utilized as a rental investment, generating income from both the commercial and residential units. The building features ample parking and a convenient drive-under garage door for efficient loading. The electrical service is a substantial 400 amps. The 0.17-acre lot is strategically located on Route 44, near Walmart and within a 6/10 mile radius of I-395 exit, ensuring high visibility and accessibility. A lease with an option to purchase or a closing at a later date is also negotiable, contingent upon a substantial deposit to cover the equipment value. This is a rare chance to acquire a well-established, profitable business with significant upside potential. The long-term owner, with 30 years in the business and 25 at this location, is ready for a new chapter.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Putnam
- County
- Windham
- State
- Connecticut
- Longitude
- -71.8989
- Latitude
- 41.9234
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,797
$39,400
$111,500
$150,900
-
$0.00
$0.00
$0.00
