Link Representative For Property
Affiliated Company
Address
238 Monroe Turnpike Monroe Connecticut 06468
Building/Land Information
Property Type
Office
Property Subtype
Medical
Zoning
LOR
Lot Size Acres
1.33
Sale Price Dollars
$1,100,000.00
Market
Monroe
Location Description
EAC Properties, as exclusive broker, is pleased to present this 2007 multi-tenant medical and office building located at 238 Monroe Turnpike in Monroe, Connecticut. Consisting of 5,371 square feet (GLA) across two stories on a 1.33-acre parcel with 27 surface parking spaces. Strategically positioned along the highly visible Route 111 corridor, benefits include strong traffic exposure of approximately 28,879 vehicles per day and offers convenient access to Routes 8 and 25. Zoned LOR (Limited Office/Retail) and built with wood frame construction, the building is currently configured for medical and professional office use investors or with flexibility for reconfiguration for accommodating an owner-user seeking future growth.
Building Size: 5,371SF on 1.33 Acres
• Stories: 2 | 1st Floor – 2,984 SF | 2nd Floor – 2,387 SF
• Construction: 2007 Wood frame
• Zoning: LOR – Local Office/Retail
• Parking: 27 spaces (5.03/1,000 SF)
• Traffic Count: 28,000 Average Daily Vehicle Traffic on Rt 111 + Rt 25
• Highway Access: Merritt Parkway & Route 25
• Nearby Amenities: Restaurants, retail, and daily-needs shopping
• 24/7 Access
• Flexibility to reconfigure for Owner User
Building Size: 5,371SF on 1.33 Acres
• Stories: 2 | 1st Floor – 2,984 SF | 2nd Floor – 2,387 SF
• Construction: 2007 Wood frame
• Zoning: LOR – Local Office/Retail
• Parking: 27 spaces (5.03/1,000 SF)
• Traffic Count: 28,000 Average Daily Vehicle Traffic on Rt 111 + Rt 25
• Highway Access: Merritt Parkway & Route 25
• Nearby Amenities: Restaurants, retail, and daily-needs shopping
• 24/7 Access
• Flexibility to reconfigure for Owner User
Number of Parking Spaces
27
Sale Information +-
Sale Description
EAC Properties presents a 2007-built, 5,371 SF two-story officebuilding on 1.33 acres along the Route 111 corridor. Nine privatesuites share lobbies and restrooms, with 27 surface spaces and pylonsignage. Six suites are occupied and pay $58,860 in annual base rent.Three suites totaling 2,179 SF are available, which gives an investor clear lease-up upside or lets an owner-user occupy space while tenants offset costs.
Sale Highlights
Rent upside: leasing the vacancies at $29.00/SF adds $63,191 a year;stabilized gross rent is $122,051.
Owner-user fit: 1,402 SF Suite A on the first floor.
Route 111 frontage:
17,000+ vehicles per day.
Affluent trade area: $184,280 median HH income (1 mile).
Owner-user fit: 1,402 SF Suite A on the first floor.
Route 111 frontage:
17,000+ vehicles per day.
Affluent trade area: $184,280 median HH income (1 mile).
Property Use
Investment
