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INDUSTRIAL AND OFFICE USES 887 Main St 12,500 SF 100% Leased Office Building Monroe, CT 06468 For Sale

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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
NOI
$144,500
Percent Leased
100%
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MONR-000103-000011
Land Assessment
$265,860
Improvements Assessment
$446,700
Total Assessment
$712,560
  • Listing ID: 37521115

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 887 Main St, Monroe, CT 06468

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