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887 Main St

12,500 SF 52% Leased Office Building Monroe, CT 06468 $2,668,892 CAD ($214 CAD/SF)

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Executive Summary

Check out this prime industrial property located on Route 25, offering excellent visibility and accessibility. This versatile building features a mix of industrial and office tenants, with convenient common restrooms in the hallway. There are 7 units in total-5 office spaces on the first floor and 2 industrial units, with the ground level as the only available space, offering an opportunity for the new owner to lease. The **property is in excellent condition**, with all office units recently upgraded and well-maintained by the tenants. A prominent monument sign at the entrance lists all tenants, and the property includes additional land near the lower level for potential parking expansion, though the existing lot already has more than enough parking for both tenants and visitors. All tenants are current on rent, with many long-term occupants in place. The building is well-maintained, with regularly serviced A/C units and boilers in excellent condition. The seller is motivated and prefers a 1031 exchange but is flexible on price for strong offers only. Don't miss out on this great opportunity!

Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Office/Residential

Building Size

12,500 SF

Building Class

Year Built

1979

Price

$2,668,892 CAD

Price Per SF

$214 CAD

Percent Leased

52%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

6,250 SF

Building FAR

0.24

Land Acres

1.19 AC

Zoning

I1 - Office and Industrial Use

Parking

38 Spaces (3.04 Spaces per 1,000 SF Leased)

Amenities

Signage
Storage Space

Natural Light

Monument Signage

Air Conditioning

Space Availability

1st Floor
6,000 SF
Industrial
-
Now

Check out this commercial space conveniently located on Rte. 25 in Monroe. This professional office building is home to upscale businesses and offices. The property features monument signage, railings, and ample parking. This location is ideal for a variety of uses, including office space for attorneys, realty companies, massage and spa services, accounting and tax services, photography, content creation, co-working space, and more. The possibilities are endless with this prime leasing opportunity! Two-year lease minimum. Rent is currently $2,000.00 a month.