Sold
Closed
450 Monroe Turnpike
Monroe CT, 06468
$2,000,000
$75.01 per sqft
Sold
Closed
26,664 sqft
Commercial
Built in 1973
Welcome to the Monroe Professional Building! 5.459% CAP RATE. One of the most active retail and office use plaza's in Monroe Center is now available to purchase. 450 Monroe Turnpike is located on the busiest 4-way signalized light intersection, on the corner of Monroe Turnpike and Elm Street. This 100% OCCUPIED, 13 tenant building (15 units - 2 tenants have double units) provides a variety of retail and office tenants that are both long term and mid-term termed tenants. This nicely maintained, brick, elevator building shopping plaza has ample parking in front, sides and rear on 1.22 acres. Low rents, gross plus electric leases on 2nd floor and gross plus heat and electric on first floor and an opportunity for a serious buyer for upside potential. Two multi-user hallway multi-stalled restrooms on 2nd floor. Two tenants on 2nd floor have their own restroom. Each tenant on first floor has their own restroom. Nicely fitted up. Each tenant unit is nicely fitted up and and in good condition. Owners have kept up with maintenance of the property. Some tenants in building include Soup Thyme, Monroe Nails, Courtesy Carpet, Mix & Match, Fred Martin Law Offices, Angelovic Insurance Group, Swept Away Spa, Lash Demand, Gustavo Tessaro Photography, Dr Paul Moyse Chiropractic Physician, Farmers Insurance, JMLS and SECA, Corp . Flat roof with gas heat and a/c units on the roof. Septic replaced in 2017 and new roof in 2012.
170490869
MLSⓇ ID
May 17, 2022
Listed
November 22, 2024
Updated
Map
450 Monroe Turnpike
Monroe CT, 06468
Interior Features
Total Stories
2
Interior Features
Elevator
Floor Description
Tile, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Lot Size
1.22 Acres
Exterior Features
Storage
Lot Features
Corner Lot, Level
Roof
Tar/Gravel
Sewer
Septic Tank
Other Property Details
Area Name
Monroe Center
Taxes
$43,528
Tax Frequency
Annually
Days on Market
35
Garage
No
View
No
County
Fairfield
Water Source
Public
Pool
No
Zoning
B1
Listed by Jeanette Politano with Coldwell Banker Realty
Listing Contact: 2032183383
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Data last updated on 11/22/2024 at 5:45 AM UTC