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$1,050,000

  • Sold
  • Closed
  • Industrial
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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!

Full Property Details for 887 Main St

General

  • Sold For: $1,050,000
  • Taxes: $15,791 (July 2022-June 2023)
  • Status: Closed
  • Type: Industrial
  • Source: SMARTMLS
  • MLS ID: 170426975
  • Added to Site: 1, 206 day(s) ago

Business

  • Business Type: Industrial, Investment, Office

Interior

  • Interior Features: Handicap Design, Loading - Grade, Public Restrooms, Security System, Window Display
  • Flooring: Concrete, Tile, Wood

Rooms

Bathrooms

  • Restrooms: 2

Exterior

  • Exterior Features: Awnings, Door Sign, Lighting, Pole Sign, Sidewalk

Parking

  • Parking: Paved, Off Street Parking, Parking Lot
  • Garage Description: Paved, Off Street Parking, Parking Lot

Location

  • County: Fairfield
  • Neighborhood: Upper Stepney
  • Driving Directions: Rte 25/Main Street Monroe. Driving North towards Newtown, property is on the left. South towards Trumbull, property is on the right. Monument sign with address and mailboxes at entry.
  • Traffic Count: 18000
  • Location Details: Highway Access, Suburban

Community

  • Community Name: Upper Stepney

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Zoned, Natural Gas
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Septic
  • Water: Public Water Connected
  • Utility Description: Telephone
  • Onsite: Telephone

Structural Information

  • Exterior Const.: Block, Steel
  • Roof: Asphalt Shingle
  • Disability Access: Hallways 36+ Inches Wide, Ramps
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 12,000
  • Sq. Ft. Source: Public Records
  • Current Bldg. Use: Investment/Industrial/Office
  • Office: 6,000 Sq. Ft.
  • Industrial: 6,000 Sq. Ft.
  • Year Built: 1979

Unit Information

  • # Tenants: 6

Unit 1

  • Unit Description: Office
  • Square Feet: 1100

Unit 2

  • Unit Description: Industrial
  • Square Feet: 1650

Unit 3

  • Unit Description: Industrial
  • Square Feet: 4250

Unit 4

  • Unit Description: Office
  • Square Feet: 2800

Unit 5

  • Unit Description: Office
  • Square Feet: 300

Unit 6

  • Unit Description: Office
  • Square Feet: 200

Unit 7

  • Unit Description: Office
  • Square Feet: 1,300

Lot Features

  • Lot Size (Acres): 1.19
  • Frontage: Interstate Highway
  • Street/Road Desc.: Interstate Highway
  • Present Use: Investment/Industrial/Office
  • Potential Use: Investment/Industrial/Office
  • Zoning: I1
  • Lot Description: Dry, Level Lot, Sloping Lot

Financial Considerations

  • Assessment Amount: $428,400
  • Tax Amount: $15,791
  • Tax Year: July 2022-June 2023

Disclosures and Reports

  • Documents Avail.: Brochure, Demographic Data, Environmental Site Assess., Legal Description, Photo/Survey, Plot Plan/Survey, Topographical Survey, Zoning Approval
  • Property ID: 177652

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— 887 Main St —

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NMLS#: 1598647

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Schools serving 887 Main St

School District:Monroe School District
RatingNameGradesDistance
9
Stepney Elementary School
180 Old Newtown Rd, Monroe, CT 06468
K-52.4 mi
8
Jockey Hollow Middle School
365 Fan Hill Rd, Monroe, CT 06468
6-81.5 mi
9
Masuk High School
1014 Monroe Tpke, Monroe, CT 06468
9-123.5 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 887 Main St

Date
Details
Price
Change
Source
9/22/2022
Sold
$1,050,000
-19.23%
MLS
10/05/2021
Price Increased
$1,300,000
8.33%
MLS
9/18/2021
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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887 Main Street, Monroe, CT 06468 (MLS# 170426975) is a Industrial property that was sold at $1,050,000 on September 22, 2022. This property was listed by Jeanette Politano from our Trumbull Regional Sales Center Office.Want to learn more about 887 Main Street? Do you have questions about finding other Industrial real estate for sale in Upper Stepney? You can browse all Upper Stepney real estate or contact a Coldwell Banker agent to request more information.

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