483 Monroe TpkeMonroe, CT 06468

Property Details for 483 Monroe Tpke

Year built

1999

Construction

STEEL FRAME

Lot size

1.17 AC

Property size (Sq ft)

7,700 SF

Zone code

B1

Property type

Other commercial real estate

Property subtype

Showrooms

APN

MONR M:039 B:083 L:00

APU

MONRM039B083L00

Description

This exceptional 1,100+ square foot retail space is situated in a bustling shopping plaza at 483 Monroe Turnpike in Monroe, Connecticut (06468), Fairfield County. Built in 1999, this single-story building offers a total of 7,700 square feet across seven suites. The available space features 11-foot ceilings and a private bathroom, providing ample room for a variety of retail businesses. A convenient backroom currently serves as inventory storage, offering additional functionality. The minimum divisible space is 1,100 square feet, making it ideal for a single tenant or potentially divisible for smaller businesses. This property benefits from its prime location on Route 11, ensuring high visibility and foot traffic. The space is currently vacant and ready for immediate occupancy. With its convenient amenities and strategic location, this retail space presents a fantastic opportunity for a business seeking a thriving retail environment in a high-traffic area of Monroe, Connecticut. The property consists of one building with a total of 7,700 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,871,369

  6.5%

  $1,727,417

  7%

  $1,604,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,535,327

  Geo Method

  $2,535,327

• Alternative Use

  Use

  Valuation

  Residential

  $1,457,141

  Hospitality

  $1,334,734

  Educational

  $1,110,483

  Medical

  $1,148,674

  Retail

  $1,727,417

Location Insight

City

Monroe

County

Fairfield

State

Connecticut

Latitude

41.3158

Longitude

-73.2177

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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