Sold
Closed
887 Main Street
Monroe CT, 06468
$1,050,000
$87.50 per sqft
Sold
Closed
12,000 sqft
Commercial
Built in 1979
1.1 Acre property with a current CAP rate of 10.34% at full asking price. Building is 100% occupied. Located directly on Route 25/Main Street this industrial building offers both industrial and office tenants. Common male and female restrooms in hallway, solid structure with large windows in offices, large parking lot with 2 levels. Offices have all been refinished, painted and upscale trim molding throughout. The building features a front door entry and handicap/work ramp and a drive-in door and double-door entry on "lower" street level. Topography of property allows for lower level entry without stairs and front entry with just a few or use of ramp in front level. All tenants have leases from 3 to 5 years left, most long term tenants for yrs before. Building is located DIRECTLY on Route 25. Driving North towards Newtown, property is on the left. Driving South towards Trumbull, property is on the right. Monument sign with tenant list and address at entry along with the multiple mailbox. Additional land near lower level entry can be utilized for additional parking if needed, but lot has enough spaces to accommodate all tenants at full capacity with many left over for visitors. NEW ROOF, A/C 5-10 YEARS OLD, BOILERS ARE 6 OR 7 YRS OLD AND A/C AND BOILERS SERVICED ANNUALLY. Owner is willing to skim coat entire driveway and replace boilers that can be either oil or gas serviced. Gas is to the building but oil is less $ now. ONLY FULL ASK OFFERS NEED TO BE PRESENTED. 1031 desired!
170426975
MLSⓇ ID
September 18, 2021
Listed
October 1, 2024
Updated
Map
887 Main Street
Monroe CT, 06468
Interior Features
Total Stories
2
Interior Features
Concrete, Tile, Wood
Floor Description
Concrete, Tile, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Zoned
Exterior/Building Features
Lot Size
1.19 Acres
Lot Features
Level, Sloped
Roof
Asphalt
Sewer
Septic Tank
Other Property Details
Area Name
Upper Stepney
Taxes
$15,791
Tax Frequency
Annually
Days on Market
316
Garage
No
Parking
Off Street
View
No
County
Fairfield
Water Source
Public
Pool
No
Zoning
I1
Listed by Jeanette Politano with Coldwell Banker Realty
Listing Contact: 2032183383
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Data last updated on 10/1/2024 at 11:52 PM UTC