83 Canal St Putnam, CT 06260-1909
- Industrial properties
- 12,136 SF
- 2.01 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 83 Canal St
- Year built
- 1847
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.01 lot acres
- Property size
- 12,136 SF
- Property type
- Industrial properties
- APN
- PUTN M:015 L:140 U:000
- APU
- PUTNM015L140U000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $265,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $215,000
- Mixed-Use
- $210,000
- Hospitality
- $230,000
- Educational
- $205,000
- Residential Income
- $210,000
- Energy
- $245,000
- Income-Based Land
- $270,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Putnam
- County
- Windham
- State
- Connecticut
- Longitude
- -71.9102
- Latitude
- 41.9133
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA