Listed by EAC Properties LLC
Unpriced
350 & 354 Monroe Tpke (HWY111)
Details
APN 022 012 00,022 011 00
Property Type Retail, Mixed Use
Sub Type Day Care/Nursery, QSR/Fast Food
Acreage 2.090
Zoning Limited Office Retail District (LOR)
Ground Lease No
2.09 Acres Land For Development on Route 111
Marketing description
EAC Properties LLC, as exclusive broker, is pleased to present this exceptional 2.09-acre commercial development opportunity strategically positioned along the high-traffic Route 111 corridor in Monroe, Connecticut. This prime parcel, zoned Limited Office Retail District (LOR), offers immediate development potential for office, retail, or mixed-use projects within Fairfield County's affluent suburban market.
The LOR zone serves as a transitional district designed to accommodate a balanced mix of office and retail uses while maintaining quality site design standards. The property benefits from excellent visibility, strong traffic counts, and proximity to established retail centers along Monroe Turnpike.
Investment highlights
- Prime Location: 300' High-visibility frontage on Route 111 (PM Side) - Monroe's primary commercial corridor with strong daily traffic counts
- Development Ready: (.25 FAR) 22,760 SF w/ Max Height 35 feet /2.5 stories w/ 2,400 SF Min Floor Area
- Building Suitability Score of 82/100 - Level terrain (2 degree slope) requiring no grading; outside flood zone (SFHA); exceeds LOR 1.5-acre minimum lot requirement
- Utilities: Septic / Well
- Flexible Zoning: LOR District permits: General Retail (SDP), Restaurants (SDP), Offices (SDP), Banks (SDP), Mixed-Use Development (SDP), Personal Services (SDP), Medical Clinics (SDP)
- Strong Market Fundamentals: Retail rents $18-40/SF/year in corridor; 82%+ occupancy rates at comparable centers
- Maximally Productive: Retail/commercial development maximizes land value with potential $3.3M+ residual
- Potential Annual Rent: $455,200 (at $20/SF) est. NOI 65% margin: $266,293/year
- Stabilized Value (7% Cap) $3,804,188
Listing Contacts
Listed by EAC Properties LLC
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