1545 Monroe TpkeMonroe, CT 06468

  • Other commercial real estate
  • 10.03 AC
For Lease
$10/SF/YR View listing

Property Details for 1545 Monroe Tpke

Lot size
10.03 AC
Property type
Other commercial real estate
APN
MONR M:150 B:001 L:03
APU
MONRM150B001L03

Description

This exceptional Class A retail property, situated on 40.18 acres at 1545 Monroe Turnpike, offers a unique opportunity for a variety of businesses. The 25,000 square foot, two-story building boasts a highly visible location at the intersection of Route 34 and Route 111, providing easy access to New Haven, Danbury, Trumbull, and Bridgeport. The property's strategic placement offers excellent exposure to a large customer base. Currently, 17,000 square feet of space is available for lease, ideal for a restaurant or other high-traffic businesses. The building features a 15-foot-high free-standing structure with concrete flooring and an impressive 800 Amp electrical service. Ample parking is available, a significant advantage for customers and employees. Its proximity to two boat launches on Lake Zoar adds to its appeal, making it suitable for businesses catering to recreational activities. The flexible space is adaptable to various uses, including but not limited to auto or boat dealerships, brew pubs, manufacturing, flex space, educational facilities, offices, and restaurants. Built in 1987, this property benefits from its established location and the owner's commitment to tenant success. The high visibility and convenient access from state roads make this a truly exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $82,679,896
    Hospitality
    $75,734,336
    Educational
    $63,010,080
    Medical
    $65,177,092
    Retail
    $98,015,680
1545 Monroe Tpke, Monroe, Connecticut

Location Insight

City
Monroe
County
Fairfield
State
Connecticut
Latitude
41.3824
Longitude
-73.1913
CBSA code
14860
CBSA name
BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$30,494
$569,600
$227,200
$796,800
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