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Property profile & analytics
FOR SALE
Industrial properties

1480 Monroe Tpke Monroe, CT 06468

12,424 SF 2 ac lot Built 1945
Entity Owned 34-yr Hold Free & Clear
Property ID
US15-0286391
Property summary
AI-generated overview

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 profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1945
Construction FRAME
Total area 12,424 SF
Lot 2 ac (87,120 SF)
Zoning code RF2
APN MONR M:145 B:023 L:00
UPID US15-0286391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Anodic Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Anodic INC · 34 yrs held
Anodic INC
since 1992
1 recorded transaction
1992
$75,000
Zoning & alternative use
RF2 · Monroe, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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