For Sale
$1,900,000

887 Main St Monroe, CT 06468

Prime industrial/office building, 7 units, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 7-unit flex space property, situated at 887 Main St, Monroe, CT 06468, presents a compelling investment opportunity. Located on Route 25, the property boasts excellent visibility and accessibility. The building comprises five first-floor office spaces and two ground-level industrial units, all currently occupied. All office units have recently undergone upgrades and are well-maintained by long-term tenants, who are all current on rent. Convenient common restrooms are located in the hallway. The property is in excellent condition, featuring regularly serviced HVAC units and boilers. A prominent monument sign at the entrance clearly lists all tenants. Ample parking is already available, with additional land near the lower level offering potential for expansion. The asking price is $1,900,000. The seller is motivated and prefers a 1031 exchange, but will consider strong offers. This property offers a stable income stream with significant upside potential for a new owner through leasing the available ground-level industrial space. The building's prime location, excellent condition, and strong tenant occupancy make this a truly attractive investment.

Highlights

  • 7-unit flex space property at 887 Main St, Monroe, CT 06468, asking $1,900,000.
  • Excellent visibility and accessibility on Route 25.
  • Five first-floor office spaces and two ground-level industrial units, all currently occupied with long-term tenants.
  • Recently upgraded office units, well-maintained building with updated HVAC and boilers.
  • Ample parking with expansion potential.
  • Seller motivated, prefers 1031 exchange, but will consider strong offers.

Property Details for 887 Main St

Property type
Office properties, Mixed-use properties

Location Insight

City
Monroe
County
Fairfield
State
Connecticut
Latitude
41.3517265
Longitude
-73.2612024

FAQs

What type of property is this?
Office property - Prime industrial/office building, 7 units, high visibility.
Where is the office property located?
The property is located at 887 Main St Monroe, CT.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 7-unit flex space property at 887 Main St, Monroe, CT 06468, asking $1,900,000.; Excellent visibility and accessibility on Route 25.; Five first-floor office spaces and two ground-level industrial units, all currently occupied with long-term tenants.
How can I contact the broker?
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887 Main St
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