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1116 - 1130 E Putnam Ave. 1130 E Putnam Ave 9,592 SF 100% Leased Retail Building Riverside, CT 06878 $4,700,000 ($489.99/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- This is a prime 1.14 acre corner space
- The Future Use could be current or retail center w/residential
- Tenant Mavis Auto has lease up to 13 years. 7% Return
EXECUTIVE SUMMARY
PRIME CORNER 1.14 ACRE MIXED USE INVESTMENT - 7% RETURN - MAVIS AUTO LEASE UP TO 13 YEARS - Future Use - Current or Retail Center w/Residential
Opportunity: A rare opportunity to acquire a prime 1.14-acre property in the prestigious Riverside section of Greenwich. This asset offers strong current income.
Future use options are to continue the existing use or to repurpose the commercial building as a boutique retail center. The rear of the property presents an outstanding opportunity for a multi-unit residential development.
Improvements: 9,592 SF of total buildings consisting of a one story commercial building with basement plus two houses and a detached garage.
Site: 1.1420 Acres in the LB and R-12 Zones. (Local Business and Residential)
Opportunity: A rare opportunity to acquire a prime 1.14-acre property in the prestigious Riverside section of Greenwich. This asset offers strong current income.
Future use options are to continue the existing use or to repurpose the commercial building as a boutique retail center. The rear of the property presents an outstanding opportunity for a multi-unit residential development.
Improvements: 9,592 SF of total buildings consisting of a one story commercial building with basement plus two houses and a detached garage.
Site: 1.1420 Acres in the LB and R-12 Zones. (Local Business and Residential)
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,592 SF
Building Class
C
Year Built/Renovated
1960/2006
Price
$4,700,000
Price Per SF
$489.99
Cap Rate
6.40%
NOI
$300,710
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
1.14 AC
Zoning
LB - Front - LB - Local Business Low density commercial and / or multi-family developments.
Rear - R-12 - Residential.
AMENITIES
- Corner Lot
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | GREE-000005-000000-002048-S000000 | Improvements Assessment | $887,040 (2025) |
| Land Assessment | $1,591,660 (2025) | Total Assessment | $2,478,700 (2025) |
PROPERTY TAXES
Parcel Number
GREE-000005-000000-002048-S000000
Land Assessment
$1,591,660 (2025)
Improvements Assessment
$887,040 (2025)
Total Assessment
$2,478,700 (2025)
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1116 - 1130 E Putnam Ave. | 1130 E Putnam Ave
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