450 Monroe Turnpike

Monroe, CT, 06468

$2,495,000

$93 per ft²
$2,495,000
$93 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
26,664 ft²
property_type
Commercial
calendar
Built 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.
MLS® ID:
170490869
Listed:
5/17/22
Updated:
8/13/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Elevator, Handicap Design, Loading - Grade, Public Restrooms, Security System, Window Display
Floor Description
Parquet, Tile, Wall-to-Wall Carpet
Cooling
Central Air, Zoned
Heating
Hot Air

Exterior/Building Features

Lot Size
1.22 acres lot
Exterior Features
Door Sign, Gutters, Lighting, Loading Dock/Grade, Outside Storage Area, Pole Sign, Sidewalk, Underground Utilities
Architectural Style
Brick, Concrete, Steel
Lot Details
Dry, Corner Lot, Level Lot
Roof
Tar/Gravel

Other Property Details

Garage
No
Parking
Paved, Unassigned Parking, Parking Lot
View
N
County
Fairfield
Pool
No
Total Stories
2
Zoning
B1

Property History

Date
Event
Price
Value
6/15/22
Under Contract
-
-
6/7/22
Active Under Contract
-
-
6/4/22
Price Change
$2,495,000
-16%

 

Courtesy of Jeanette Politano, Coldwell Banker Realty

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Data last updated 4:34 PM UTC, 8/13/22

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