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 

The IDX display contains information sourced from the  Smart MLS, Inc as of 10/1/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/1/2024 at 11:52 PM UTC

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