350 + 354 Monroe Tnpk

Description:

350 Monroe Turnpike offers a highly visible development opportunity along Monroe’s primary commercial corridor, positioned in the heart of a fast‑growing retail trade area with strong daily commuter traffic on Route 111. The site comprises over 2 acres of land in the LOR zoning district, suitable for a range of commercial and office uses, and benefits from established utilities including well, septic, propane and water service in the immediate vicinity.

The property is surrounded by a mix of national and regional retailers concentrated along Monroe Turnpike, including Home Depot, Stop & Shop, CVS, Goodwill, Walgreens, Chipotle, Edge Fitness and Panera Bread, with an Aldi grocery store under construction nearby. This cluster of anchors creates a strong retail draw for the corridor and supports steady traffic flows, enhancing the site’s suitability for retail, medical, service or mixed‑use concepts.


Market dynamics and access
Monroe Turnpike functions as a key north–south spine connecting Monroe’s residential neighborhoods to regional routes, generating consistent local and pass‑through traffic that reinforces the location’s visibility for new development. Retail vacancy along the corridor is limited and demand for quality space remains strong, indicating a favorable environment for ground‑up development or build‑to‑suit projects at 350 Monroe Turnpike.

 

Development positioning
With frontage on a busy commuter route, adjacency to established shopping centers and national brands, and flexible LOR zoning, 350 Monroe Turnpike is well‑positioned for users seeking a branded presence in Monroe’s core retail node. The combination of scale, utilities and surrounding tenancy allows a buyer to capture both neighborhood‑serving and destination‑oriented demand within a stable, growth‑oriented Fairfield County community.

 

Number of Lots : 2

Power & Water

Water Description:  Well

Property Use: Development


PRIME COMMERCIAL DEVELOPMENT LAND • Prime Location: 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 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. Inquire For More Details • Building Suitability Score of 82/100 – Level terrain (2° 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 o Stabilized Value (7% Cap) $3,804,188

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