802 Main St Monroe, CT 06468-8202
This exceptional 1.6-acre mixed-use property in Monroe, Connecticut, presents a remarkable investment opportunity. Located at 802 Main St, in Fairfield County, this commercially zoned land boasts two existing buildings: a 1,986 square foot retail space currently housing a stone fabrication business, and a charming 4,008 square foot, two-family house dating back 183 years, featuring antique details and a wrap-around porch. The property offers flexibility for various development scenarios. A potential buyer could operate their own business within the existing structures, or lease the land to a national tenant, as a sale for leaseback is an option. Alternatively, the site is ideally suited for the creation of a new shopping plaza, capitalizing on its prime location within a thriving commercial area. The property's strategic position in Monroe, near Easton, Newtown, and Trumbull, benefits from a growing population and high-income households. Recent interest from national chains like Chipotle, Panera Bread, Jersey Mike's Subs, and Noble Gas highlights the area's strong commercial appeal. The asking price for this unique mixed-use property is $1,400,000. This presents a rare chance to acquire a significant piece of Monroe's burgeoning commercial real estate market. The property includes an apartment building, grocery store, and QSR/fast food components.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B1 · Monroe, CTMonroe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.