Prime Commercial / Multi-Family Development Site | Greenwich (Riverside)- For Sale

1205 East Putnam Avenue, Greenwich, CT

$3,995,000

Price

0.6 acres

Lot Area

LB - Local Business

Zoning

Overview
Lot Area
0.6 acres
Zoning
LB - Local Business
Description

This land is the last undeveloped prime site along East Putnam Avenue (US Route 1) in the Riverside section of Greenwich. Its rectangular shape and level topography lend itself to the variety of commercial and multifamily uses allowed in the LB Zone. It is located right at the extremely busy intersection of East Putnam Avenue and I-95 Exit 5 which has an average daily traffic count in excess of 25,000 cars.

The site is adjacent to the newly rebuilt McDonald’s restaurant and hugely successful Thruway Shopping Center. On the nearly virgin site is a house that was constructed prior to 1900.

LOCATION DESCRIPTION
The Riverside section of Greenwich along East Putnam Avenue (US Route 1) at the I-95 Exit 5 intersection is a high traffic retail area with a variety of stores, shops and restaurants with an average daily traffic count of 25,000 cars plus 130,000 cars on I-95.

1205 East Putnam Avenue is situated on the north side of East Putnam Avenue adjacent to the modernized McDonald’s restaurant and the highly successful Thruway Shopping Center. The subject is at the center of the East Putnam Avenue corridor between Riverside Avenue and Sound Beach Avenue which is dotted with great retail businesses interspersed with office and residential buildings.

Land Area
26,122 SF with 126+/- feet of frontage on East Putnam Avenue (US Route 1). Topography is relatively level.

Zone
LB - Local Business Low density commercial and / or multi-family developments.

Utilities
Water - Available through Aquarion water.

Sewer - Currently the site has a French drain with a leech field, hookup with the local municipal sewer is possible.

Electric - Available through Eversource.

Gas - Natural gas is availablein both East Putnam Avenue and Neil Lane.

Documents
Title
Offering Memorandum
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Location
Gallery