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Property profile & analytics
OFF-MARKET Estimated value $3,875,000
Retail space

600 Putnam Ave Greenwich, CT 06830-6080

60,814 SF 1.64 ac lot Built 2015
Entity Owned 18-yr Hold ~ Est. High Equity
Property ID
US15-0492304
Property summary
AI-generated overview

This exceptional 3,538 square foot retail property, located at 600 East Putnam Avenue in Greenwich, Connecticut, presents a unique investment opportunity. Built in 1966 and completely renovated in 2023, this Class A building sits on a 1.11-acre lot and offers 3,015 usable square feet (2,678 square feet on the first floor and 337 square feet on the second floor). Previously used as a restaurant, the space is currently configured for grocery retail. The property boasts 46 parking spaces, two driveway cuts, and high visibility from its corner location. The building features two handicap-accessible bathrooms. The zoning is LB. Annual property taxes are $43,981.78, and the property is offered as a triple net lease. Parcel ID is 08-1058/S. This is a rare opportunity to acquire a fully renovated, high-traffic retail space in the desirable Greenwich submarket, with easy access and ample parking. The property's prime location and recent renovations make it an ideal investment for a variety of retail uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2015
Construction CONCRETE
Total area 60,814 SF
Lot 1.64 ac (71,438 SF)
Zoning code GBO
APN GREE M:03 B:1000/S
UPID US15-0492304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Caroline Sutton Physician
  • Madison Amos Physician
  • Citarella Wines & Spirits - Greenwich, CT (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Citarella Gourmet Market - Greenwich, CT Specialty Food Shop
  • Lisa Sheehan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.30M
Blend (final) Blend
$3.88M
Owner & transaction history
Putnam 600 Acquisitn LLC · 18 yrs held
Putnam 600 Acquisitn LLC
since 2008
6 recorded transactions
2011
Price N/A
2011
Price N/A
2008
$14.4M
2006
Price N/A
2001
Price N/A
2000
$4.6M
Zoning & alternative use
GBO · Greenwich, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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