Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center Alternative Medicine Practice
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Crisis Center Medical Clinic
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Charitable Organization Social Service Agency
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Tutoring Service
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Industrial Manufacturer
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I1 · Monroe, CTZoning
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Zoning designation
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