887 Main St - Office/Residential FOR SALE


Monroe, CT 06468
$1,900,000 USD
203-218-3383
887 Main St, Monroe, CT for Sale
$1,900,000 USD
Office/Residential - FOR SALE
1/40
null | 8.47% Cap Rate

887 Main St
Monroe, CT 06468


HIGHLIGHTS

  • 7.6% CAP RATE
  • 1 True Vacancy but 2nd unit is available to sub-lease. Net income does not reflect vacancy.

OVERVIEW

Check out this prime industrial property located on Route 25, offering excellent visibility and accessibility. This versatile building features a mix of industrial and office tenants, with convenient common restrooms in the hallway. There are 7 units in total-5 office spaces on the first floor and 2 industrial units, with the ground level as the only available space, offering an opportunity for the new owner to lease. The **property is in excellent condition**, with all office units recently upgraded and well-maintained by the tenants. A prominent monument sign at the entrance lists all tenants, and the property includes additional land near the lower level for potential parking expansion, though the existing lot already has more than enough parking for both tenants and visitors. All tenants are current on rent, with many long-term occupants in place. The building is well-maintained, with regularly serviced A/C units and boilers in excellent condition. The seller is motivated and prefers a 1031 exchange but is flexible on price for strong offers only. Don't miss out on this great opportunity!

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

8.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

INDUSTRIAL AND OFFICE USES

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Telecom Hotel/Data Hosting, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

I1

APN/PARCEL ID

MONR-000103-000011

ASK ABOUT THIS PROPERTY

Jeanette PolitanoColdwell Banker Commercial RealtyMore Info
203-218-3383

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Jeanette PolitanoColdwell Banker Commercial RealtyMore Info
203-218-3383

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.