83 Canal St Putnam, CT 06260-1909

This exceptional 45,140 square foot brick mill building presents a unique redevelopment opportunity in the heart of Putnam, Connecticut. Situated on a 2.01-acre lot, this property boasts prime downtown location, offering easy access to the Putnam River Trail, Airline Trail, Cargill Falls, and Rotary Park. The surrounding area features a vibrant mix of local amenities including restaurants, boutiques, a mini-golf course, and an ice cream shop, creating a desirable environment for future residents or tenants. Currently zoned Industrial, this versatile property offers significant potential for adaptive reuse, particularly for residential conversion. The building's historic character provides a strong foundation for a project that blends modern design with historical preservation. Prospective developers will need to conduct thorough environmental site assessments (Phase I and Phase II) to determine the extent of any necessary remediation. This is a chance to contribute to the revitalization of downtown Putnam and create a thriving community hub. The property's size and location make it an ideal candidate for a large-scale residential or mixed-use development project. The substantial square footage allows for a variety of design options, catering to diverse needs and preferences. This is a rare opportunity to acquire a significant piece of Putnam's history and shape its future. The property's proximity to recreational areas and local businesses adds to its appeal and potential for success.