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Property profile & analytics

83 Canal St Putnam, CT 06260-1909

  • Industrial properties
  • 12,136 SF
  • 2.01 lot acres
OFF-MARKET
Value Estimation
$285,000
Location Intelligence
Property ID
US15-0252735
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.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

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
$6,546
$95,000
$110,900
$205,900
-
$0.00
$0.00
$0.00
More about this property
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