887 Main St, Monroe, CT 06468-2800
- Showrooms
- 6,000 SF
- 1.19 lot acres
Current Use by Public Records
- Adonai Optimal Health and Wellness / Gym & Fitness Center / Alternative Medicine Practice
- Growth Therapy, LLC / Crisis Center / Medical Clinic
- FCPA Community Outreach / Charitable Organization / Social Service Agency
- Wudaokou Borderless Learning / Tutoring Service
- Budrad Engineering Co LLC / Industrial Manufacturer
Property Details for 887 Main St
- Year built
- 1979
- Construction
- FRAME
- Lot size
- 1.19 lot acres
- Zone code
- I1
- Property type
- Showrooms
- APN
- MONR M:103 B:011 L:00
- APU
- MONRM103B011L00
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 28, 2016 | $485,000 | 887 Main Monroe LLC | 887 Main Street LLC | Warranty Deed | — |
| Dec 1, 2006 | $1 | 887 Main Street LLC | Sippin,gary L | Grant Deed · related | — |
| Dec 1, 2000 | — | Garry L Sippin | — | Deed Of Trust · related | $500k · Newtown Savings Bank |
| Jan 18, 1990 | $660,000 | Gary Sippin | Mckaba,robert | Grant Deed | $500k · Ct Natl Mtg Co |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.2611
- Latitude
- 41.3517
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
