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887 Main St

12,500 SF 52% Leased Office Building Monroe, CT 06468 $1,900,000 ($152/SF)

Executive Summary

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!

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
12,500 SF
Building Class
C
Year Built
1979
Price
$1,900,000
Price Per SF
$152
Percent Leased
52%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,250 SF
Building FAR
0.24
Lot Size
1.19 AC
Zoning
I1 - Office and Industrial Use
Parking
38 Spaces (3.04 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Storage Space
  • Natural Light
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 6,000 SF
  • Industrial
  • -
  • Now

Check out this commercial space conveniently located on Rte. 25 in Monroe. This professional office building is home to upscale businesses and offices. The property features monument signage, railings, and ample parking. This location is ideal for a variety of uses, including office space for attorneys, realty companies, massage and spa services, accounting and tax services, photography, content creation, co-working space, and more. The possibilities are endless with this prime leasing opportunity! Two-year lease minimum. Rent is currently $2,000.00 a month.

Space Size Space Use Condition Available
1st Floor 6,000 SF Industrial - Now

1st Floor

Size
6,000 SF
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size 6,000 SF
Space Use Industrial
Condition -
Available Now

Check out this commercial space conveniently located on Rte. 25 in Monroe. This professional office building is home to upscale businesses and offices. The property features monument signage, railings, and ample parking. This location is ideal for a variety of uses, including office space for attorneys, realty companies, massage and spa services, accounting and tax services, photography, content creation, co-working space, and more. The possibilities are endless with this prime leasing opportunity! Two-year lease minimum. Rent is currently $2,000.00 a month.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MONR-000103-000011
Land Assessment
$67,700
Improvements Assessment
$360,700
Total Assessment
$428,400
  • Listing ID: 33204902

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 887 Main St, Monroe, CT 06468

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