Skip To Content

450 Monroe Turnpike

Monroe, CT 06468
  • $2,000,000
  • STATUS: Closed
  • ON SITE: 135 Days
  • MLS #: 170490869
Sold - 09/27/2022
$2,000,000
SOLD - 09/27/2022
  • 0
    BEDS
  • 1.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,664
    SQFT
  • $75
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1973
County:
Area:

School Ratings & Info

Description

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.

Monthly Payment Calculator



The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-09-30T11:10:24.63.
www.foreverhomesrealestate.net/homes/128792881
Print Image

450 Monroe Turnpike Monroe, CT 06468

  • Price: $2,495,000
  • Status: Closed
  • On Site: 135 Days
  • Updated: 34 min ago
  • MLS #: 170490869
0
Beds
0
Baths
0
½ Baths
1.22
Acres
26,664
SQFT
$75
$/SQFT
1973
Built
Neighborhood:
Monroe Center
County:
Fairfield
Area:
Monroe
Property Description
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.
Exterior Features

Construction Description BrickConcreteSteel Exterior Features Door SignGuttersLightingLoading Dock/GradeOutside Storage AreaPole SignSidewalkUnderground Utilities Foundation Type Block Lot Description DryCorner LotLevel Lot Parking Total Spaces 0 Road Frontage Approximate 500 Road Frontage Description Interstate HighwayPaved Road Roof Information Tar/Gravel

Interior Features

Cooling System Central AirZoned Flooring ParquetTileWall-To-Wall Carpet Heat Type Hot Air Interior Features ElevatorHandicap DesignLoading - GradePublic RestroomsSecurity SystemWindow Display Restrooms Number Of 8

Property Features

ADACompliant YN Yes Bank Owned Property Yn No Commercial Category InvestmentRetail Documents Available BrochureDemographic DataLegal DescriptionPhoto/Survey Flood Zone Yn No Garage Parking Info PavedUnassigned ParkingParking Lot Handicap Features Handicap ParkingRamps Heat Fuel Type Natural Gas Location SuburbanStrip Mall Possession Availability Immediate Potential Short Sale Yn No Potential Use Investment - Office/Retail Present Use Investment - Office/Retail Property Tax 43528 Sewage System Septic Sewer Usage Fee Annual 385 Sign Yn No Subdividable Ynu Yes Tenants Number Of 15 Utilities Available ElectricGasTelephoneCable Water Source Public Water Connected Zoning B1

Listing information © 2022 Smart MLS
Listing provided courtesy of Jeanette Politano of Coldwell Banker Realty: (203) 452-3700.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-09-30T11:10:24.63.
 
Logo
Forever Homes Real Estate, LLC
147 Durham Rd Suite 12a
Madison CT, 06443