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246-248 West Putnam Ave 246 W Putnam Ave 5,850 SF Retail Building Greenwich, CT 06830 $4,950,000 ($846.15/SF)
Investment Highlights
- Generational Redevelopment Opportunity
- Existing Curb Cuts on West Putnam Avenue & Prospect Street
- Prime Signalized Corner Lot
- Preliminary redevelopment concept allows up 9,280/SF Max GLA (not including basement)
- Delivered Vacant
Executive Summary
High-profile property positioned at the signaled intersection of West Putnam Avenue & Prospect Street, 246-248 West Putnam Avenue presents a rare opportunity to acquire a highly visible commercial property at one of Greenwich’s most traveled intersections.
Originally established in 1922, the historic Freccia Brothers Garage has stood along West Putnam Avenue for over a century, serving generations of Greenwich residents and becoming one of the Town’s most recognizable landmarks.
This offering represents a true generational opportunity to acquire and reimagine an iconic corner Property in one of the most desirable markets in the Northeast.
No commission being offered.
Originally established in 1922, the historic Freccia Brothers Garage has stood along West Putnam Avenue for over a century, serving generations of Greenwich residents and becoming one of the Town’s most recognizable landmarks.
This offering represents a true generational opportunity to acquire and reimagine an iconic corner Property in one of the most desirable markets in the Northeast.
No commission being offered.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
5,850 SF
Building Class
C
Year Built
1922
Price
$4,950,000
Price Per SF
$846.15
Tenancy
Single
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.43 AC
Zoning
GB - General Business Zone (GB)
Feasibility Studies Available Upon Request
Parking
60 Spaces (10.26 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | GREE-000003-000000-001244-S000000 | Improvements Assessment | $197,750 |
| Land Assessment | $548,310 | Total Assessment | $746,060 |
Property Taxes
Parcel Number
GREE-000003-000000-001244-S000000
Land Assessment
$548,310
Improvements Assessment
$197,750
Total Assessment
$746,060
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246-248 West Putnam Ave | 246 W Putnam Ave
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