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    447 Monroe Tpke Monroe, CT 06468
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    Property profile & analytics

    447 Monroe Tpke, Monroe, CT 06468

    View on Map

    • Showrooms
    • 13,792 SF
    • 2.33 lot acres
    Retail Space on Monroe Turnpike For Lease
    $4,830,000
    2,075 SF

    Retail Space on Monroe Turnpike

    Renovated retail space with high visibility and ample parking.

    447 Monroe Tpke, Monroe, CT
    View Listing
    Property ID
    US15-0301590
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,830,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Koko FitClub of Monroe / Gym & Fitness Center
    • Monroe Cleaners / (Bike/Boat/Book/etc) Store
    • Subway / Restaurant / Take-out & Catering
    • Cardsmart / (Bike/Boat/Book/etc) Store
    • Linda'S Story Time / (Bike/Boat/Book/etc) Store

    Property Details for 447 Monroe Tpke

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    2.33 lot acres
    Zone code
    B1
    Property type
    Showrooms
    APN
    MONR M:030 B:027 L:00
    APU
    MONRM030B027L00

    Description

    This exceptional Monroe, CT retail property, located at 447 Monroe Turnpike (Route 111), offers two available suites totaling 4,013 square feet. The building features a prime corner location providing excellent visibility and accessibility from the busy Monroe Turnpike. Each suite is adaptable to a variety of uses, including retail, medical, or restaurant establishments. Suite sizes are 2,075 square feet and 1,938 square feet, offering flexibility for businesses of varying scales. The property boasts ample parking with 120 on-site spaces, ensuring convenient access for customers and employees. This vibrant shopping center is already home to a diverse mix of established businesses, including Linda’s Story Time, Card Smart, Monroe Cleaners, Subway, and FM One Stop, creating a synergistic environment and attracting a steady flow of foot traffic. The asking rent is $24 per square foot. The property consists of one building with a total of two suites. This is a fantastic opportunity for businesses seeking a high-traffic location with strong visibility and ample parking in a thriving commercial area. Contact us today to learn more about leasing opportunities and secure your space in this desirable location. The property is situated in Monroe, CT, zip code 06468.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,505,000
      ML approach
      $5,555,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,296,000
      Market price range: $1.41M - $5.46M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,600,000
      Current use
      RESTAURANT
      $3,545,000
      Change: -2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,220,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.2194
    Latitude
    41.3144
    CBSA code
    14860
    CBSA name
    BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,509
    $1,019,400
    $911,600
    $1,931,000
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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