1565 Monroe TpkeMonroe, CT 06468

Property Details for 1565 Monroe Tpke

Year built

1976

Construction

STEEL FRAME

Lot size

6.14 AC

Property size (Sq ft)

32,315 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MONR M:150 B:001 L:02

APU

MONRM150B001L02

Description

This exceptional 1,000 square foot flex space is situated within a larger 20,250 square foot industrial building located at 1565 Monroe Turnpike in Monroe, Connecticut, zip code 06468. The property, classified as Class B, boasts a single story design with an impressive 18-foot ceiling height. Built in 1984 and renovated in 2021, the building offers modern amenities alongside its established presence. The space includes convenient access to three loading docks and one drive-in door, making loading and unloading efficient. Ample parking is available with 45 total spaces. The property is zoned for Business District 2 use. This particular unit offers 1,000 square feet of refrigerated space, ideal for various businesses requiring temperature-controlled storage, and includes a private office. The building is currently multi-tenant. This prime location in Monroe, CT offers easy access to major transportation routes, making it an ideal location for businesses seeking convenient logistics and a functional workspace. Don't miss this opportunity to secure this well-maintained and strategically located flex space.

• CAP approach

  CAP return

  Valuation

  6%

  $7,853,673

  6.5%

  $7,249,544

  7%

  $6,731,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,640,140

  Geo Method

  $10,640,140

• Alternative Use

  Use

  Valuation

  Residential

  $6,115,262

  Hospitality

  $5,601,547

  Educational

  $4,660,422

  Medical

  $4,820,700

  Retail

  $7,249,544

Location Insight

City

Monroe

County

Fairfield

State

Connecticut

Latitude

41.3843

Longitude

-73.19

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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