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Property profile & analytics
FOR LEASE
Commercial land

528 Monroe Tpke Monroe, CT 06468

1.96 ac lot
Individually Owned 10-yr Hold Free & Clear
Property ID
US15-0195603
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.96 ac (85,378 SF)
Zoning code B2
APN MONR M:039 B:059 L:00
UPID US15-0195603
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Stop & Shop Supermarket · 10 yrs held
Stop & Shop Supermarket
since 2016
6 recorded transactions
2016
$800,000
2014
Price N/A
2013
$800,000
2008
$575,000
1994
Price N/A
1991
$15,000
Zoning & alternative use
B2 · Monroe, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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