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    528 Monroe Tpke Monroe, CT 06468

    Sponsored
    For Sale
    $900,000

    1.96 Acres, High Visibility, $900,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.96-acre commercial land parcel presents a unique investment opportunity in Monroe, Connecticut. Located at 528 Monroe Turnpike, this property boasts a highly visible position on the "pm" side of Route 111, a major commuter route experiencing significant daily traffic. Its strategic location offers unparalleled exposure for any commercial venture, ensuring high visibility and accessibility. The property's zoning (not specified in provided data) will need to be verified by the prospective buyer to determine suitable development options. The asking price for this prime commercial land is $900,000. Situated in Fairfield County, Connecticut, with a zip code of 06468, the property is conveniently located minutes from the Merritt Parkway, providing easy access to major transportation arteries. This translates to excellent connectivity for employees, customers, and suppliers. The geographic coordinates are 41.319405 latitude and -73.212557 longitude. Given its size, location, and visibility, this property is ideal for a wide range of commercial developments, making it an attractive investment for both established businesses and new ventures seeking a prominent presence in a thriving Connecticut market. Further due diligence is recommended to fully assess the development potential and confirm zoning regulations.

    Property Features for 528 Monroe Tpke

    General Information

    Property type
    Land
    Lot Size
    85,378 SF

    HighLights

    • 1.96‑acre commercial land parcel in Monroe, CT, listed at $900,000.
    • High‑visibility location on Route 111 (Monroe Turnpike), a major commuter route.
    • Conveniently located minutes from the Merritt Parkway in Fairfield County, CT (06468).
    • Buyer to verify zoning for development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.212557
    Latitude
    41.319405

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    FAQs

    What type of property is this?
    Land - 1.96 Acres, High Visibility, $900,000
    Where is this land located?
    The property is located at 528 Monroe Tpke Monroe, CT.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 1.96-acre commercial land parcel in Monroe, CT, listed at $900,000.; High-visibility location on Route 111 (Monroe Turnpike), a major commuter route.; Conveniently located minutes from the Merritt Parkway in Fairfield County, CT (06468).
    (203) 529-4629
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    528 Monroe Tpke Monroe, CT 06468
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    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
    528 Monroe Tpke Monroe, CT 06468
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