$2,000,000
$2,495,000
19.8%For more information regarding the value of a property, please contact us for a free consultation.
26,664 SqFt
SOLD DATE : 09/27/2022
Key Details
Sold Price $2,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 26,664 sqft
Price per Sqft $75
MLS Listing ID 170490869
Sold Date 09/27/22
Year Built 1973
Annual Tax Amount $43,528
Lot Size 1.220 Acres
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.
Location
State CT
County Fairfield
Zoning B1
Interior
Interior Features Elevator, Handicap Design, Loading - Grade, Public Restrooms, Security System, Window Display
Heating Hot Air
Cooling Central Air, Zoned
Flooring Parquet, Tile, Wall-to-Wall Carpet
Exterior
Exterior Feature Door Sign, Gutters, Lighting, Loading Dock/Grade, Outside Storage Area, Pole Sign, Sidewalk, Underground Utilities
Garage Paved, Unassigned Parking, Parking Lot
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Tar/Gravel
Building
Lot Description Dry, Corner Lot, Level Lot
Story 2
Foundation Block
Sewer Septic
Water Public Water Connected
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Bought with Jeanette Politano • Coldwell Banker Realty
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Broker | REB.0791464