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

October 1, 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 

The IDX display contains information sourced from the  Smart MLS, Inc as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/1/2024 at 11:58 PM UTC

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