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1-15 Main St - RT-25 Land

5.9 Acres of Commercial Land Offered at $899,999 in Monroe, CT 06468

Executive Summary

Prime development opportunity in Monroe, Connecticut, on a highly trafficked Route 25/Main Street. Across from two vacant, approved development sites, this property is ready for retail or mixed-use projects, with an active excavation and fill permit in place. Ideal for visibility and future growth in a rapidly expanding area.

Property Facts

Price $899,999
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Apartment Units
  • Bank
  • Health Club
  • Hospital
  • Restaurant
Total Lot Size 5.90 AC

1 Lot Available

Lot

Price $899,999
Price Per AC $152,542.20
Lot Size 5.90 AC

Property slopes upwards steeply from the street and levels out to the rear. Has been cleared of all structures. Most trees have been removed and carted away.

Description

This 5.87-acre property features a steeply sloped terrain of mostly rock, rising from the street and requiring excavation of approximately 60,000 cubic yards to level the front half with the road. The site has been largely cleared of trees and debris, providing a ready opportunity for development.

zoning

Zoning Code B 1 (Approved for retail use and mixed use. Has excavation and fill permitting in place.)
B 1 (Approved for retail use and mixed use. Has excavation and fill permitting in place.)
  • Listing ID: 33806245

  • Date on Market: 11/8/2024

  • Last Updated:

  • Address: 1-15 Main St, Monroe, CT 06468

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