501 Pepper St Monroe, CT 06468-2686
This exceptional commercial property, located at 501 Pepper Street in Monroe, Connecticut, offers 6,000 square feet of versatile industrial space. The building is currently configured into four separate 1,500-square-foot units, each equipped with high ceilings, a private bathroom, a private office, and a convenient drive-in door. Each unit benefits from individual metering. The property's strategic location on Pepper Street provides excellent accessibility to major transportation arteries. It's less than a minute from Route 25 and just minutes away from CT-111 (Henry Mucci Highway) and other key roadways, ensuring effortless commuting and transportation of goods. Currently, two 1,500-square-foot units are available for lease, presenting a significant opportunity for an owner-occupier seeking to establish a presence in this thriving area. The remaining 3,000 square feet are currently under lease to a single tenant with a lease extending through January 2029, providing immediate and long-term income potential. The property sits on a generous 2.4-acre lot, offering ample space for expansion or outdoor storage. This property is priced at $865,000 and represents a compelling investment opportunity in a highly desirable location.
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New Age Motorsports Metal Fabrication Plant Factory
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Bartlett Tree Experts Landscaping General Contractor
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Plumbuilders Construction Company General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Monroe, CTMonroe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.