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188 Main St 9,509 SF 75% Leased Office Building Monroe, CT 06468 $875,000 ($92.02/SF)
INVESTMENT HIGHLIGHTS
- Heavy Daily Vehicular Traffic
- Accessible Location
- Strong tenancy
EXECUTIVE SUMMARY
Prime Investment Opportunity! Office building located on well trafficked RT-25 in Monroe with 19,400+/- AADT. Building is currently at approximately 75% occupancy. Diverse mix of office tenants ranging from long term tenants to new lessees. Located in a flexible B-2 zone permitting a wide range of uses. Property has recently undergone upgrades including new exterior paint to the entire building, new siding on the front side of the building, upgrades to first floor units' doors and flooring as well as upgrades to the heating system and fuel storage. Property includes contractor/masonry shed and yard on north end of the property. Contact for more information.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,509 SF
Building Class
C
Year Built
1989
Price
$875,000
Price Per SF
$92.02
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,740 SF
Building FAR
0.21
Lot Size
1.05 AC
Zoning
B-2
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste E
- 854 SF
- Office
- Full Build-Out
- Now
1,384 Sq. Ft. Second Floor Space
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste E | 854 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste Unit G | 1,384 SF | Office | Full Build-Out | Now |
1st Fl-Ste E
| Size |
| 854 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste Unit G
| Size |
| 1,384 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste Unit G
| Size | 1,384 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,384 Sq. Ft. Second Floor Space
1 1
PROPERTY TAXES
| Parcel Number | MONR-000018-000043 | Improvements Assessment | $355,250 |
| Land Assessment | $257,250 | Total Assessment | $612,500 |
PROPERTY TAXES
Parcel Number
MONR-000018-000043
Land Assessment
$257,250
Improvements Assessment
$355,250
Total Assessment
$612,500
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188 Main St
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