887 Main St - Office/Residential FOR SALE


Monroe, CT 06468
$1,900,000 USD
860-617-1740
887 Main St, Monroe, CT for Sale
$1,900,000 USD
Office/Residential - FOR SALE
1/38
null | Request Cap Rate

887 Main St
Monroe, CT 06468


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

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

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

Shy GrahameBerkshire Hathaway New England PropertiesMore Info
860-617-1740

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Shy GrahameBerkshire Hathaway New England PropertiesMore Info
860-617-1740

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