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    1480 Monroe Tpke Monroe, CT 06468

    For Sale
    $1,500,000

    12,424 SF Manufacturing Building, 4 Acres

    Property size:
    12,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity: a 12,424 square foot, two-story manufacturing building situated on a 4.01-acre lot in Monroe, Connecticut. This property, located at 1480 and 1488 Monroe Turnpike, features two loading docks and is zoned COMM and R-2, allowing for commercial and residential uses. The main building, a 12,424 square foot brick structure on 2 acres, includes offices and large adaptable rooms. An additional 2 acres of level land (1488 Monroe Turnpike) adjoins the main building and includes an existing septic system servicing the building's half-bathrooms. Built in 1945, this property offers significant potential for redevelopment or continued use as a manufacturing facility. The asking price is $1,500,000, translating to $120.73 per square foot. The property's versatile zoning and ample space present a unique opportunity for a variety of commercial and/or residential projects. This is a rare chance to acquire a substantial property in a desirable Fairfield County location. The property is currently vacant.

    Property Features for 1480 Monroe Tpke

    General Information

    Property type
    Manufacturing properties
    Square Feet
    12,424 SF
    Lot Size
    174,676 SF

    Building Details

    Year Built
    1945
    Stories
    2

    HighLights

    • $1,500,000 asking price for a vacant 12,424 SF industrial/mixed‑use property.
    • 12,424 square feet with a price per square foot of $120.73.
    • Two‑story, 1945‑built manufacturing building.
    • Located on a 4.01‑acre lot with COMM and R‑2 zoning.
    • Features two loading docks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anodic Inc Metal Finisher

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Auto Parts Store Department Store Kitchen & Bath Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1919794
    Latitude
    41.3792031

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    FAQs

    What type of property is this?
    Manufacturing property - 12,424 SF Manufacturing Building, 4 Acres
    Where is this manufacturing property located?
    The property is located at 1480 Monroe Tpke Monroe, CT.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a vacant 12,424 SF industrial/mixed-use property.; 12,424 square feet with a price per square foot of $120.73.; Two-story, 1945-built manufacturing building.
    Request Owner's contact information
    1480 Monroe Tpke Monroe, CT 06468
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1480 Monroe Tpke Monroe, CT 06468
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