Ignite FB Tracking Pixel887 Main Street, Monroe, CT 06468 - Linda Almonte
Coldwell Banker Realty
Linda Almonte, Coldwell Banker RealtyPhone: (203) 218-4076
Email: [email protected]
Real estate listing preview #1
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List Price $1,300,000
Sold Price $1,050,000
887 Main Street
Monroe, CT 06468
Listed by: Coldwell Banker Realty, (203) 452-3700
Est. Mortgage

1.1 Acre property with a current CAP rate of 10.34% at full asking price. Building is 100% occupied. Located directly on Route 25/Main Street this industrial building offers both industrial and office tenants. Common male and female restrooms in hallway, solid structure with large windows in offices, large parking lot with 2 levels. Offices have all been refinished, painted and upscale trim molding throughout. The building features a front door entry and handicap/work ramp and a drive-in door and double-door entry on "lower" street level. Topography of property allows for lower level entry without stairs and front entry with just a few or use of ramp in front level. All tenants have leases from 3 to 5 years left, most long term tenants for yrs before. Building is located DIRECTLY on Route 25. Driving North towards Newtown, property is on the left. Driving South towards Trumbull, property is on the right. Monument sign with tenant list and address at entry along with the multiple mailbox. Additional land near lower level entry can be utilized for additional parking if needed, but lot has enough spaces to accommodate all tenants at full capacity with many left over for visitors. NEW ROOF, A/C 5-10 YEARS OLD, BOILERS ARE 6 OR 7 YRS OLD AND A/C AND BOILERS SERVICED ANNUALLY. Owner is willing to skim coat entire driveway and replace boilers that can be either oil or gas serviced. Gas is to the building but oil is less $ now. ONLY FULL ASK OFFERS NEED TO BE PRESENTED. 1031 desired!

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Information courtesy of Coldwell Banker Realty is subject to verification and is not guaranteed. Listing Data Last Updated 10/03/2022 08:23 PM
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