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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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