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$1,210,000
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Property Description
Investment Office Property For Sale Prime opportunity to own a fully occupied, income-producing office property in the heart of Monroe's thriving business district. Located on busy Main Street with 19,000 cars per day, this high-visibility asset offers stability, strong traffic exposure, and long-term value. Fully Leased: Seven established tenants provide a diverse, balanced rent roll, reducing risk for investors. Recent Updates: Multiple improvements made to the facility, ensuring reduced maintenance needs and modern appeal. Excellent Location: Situated on Monroe's Main Street corridor-one of the area's busiest commercial routes. Solid Investment: Stable occupancy and varied tenant mix create dependable income and long-term security. Taxes: $13,799/yr Estimated Annual Income: $195,000 Whether you're expanding your portfolio or seeking a reliable commercial investment, 388 Main St. delivers strong performance in a proven location
Full Property Details
Full Property Details for 388 Main St
General
- Sold For: $1,210,000
- Taxes: (July 2025-June 2026)
- Status: Closed
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24142164
- Added to Site: 269 day(s) ago
Location
- County: Fairfield
- Neighborhood: Stepney
- Driving Directions: GPS friendly
Community
- Community Name: Stepney
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Hot Air, Electric
- Heating Fuel: Electric
Utilities
- Sewer: Septic
- Water: Public Water Connected
- Utility Description: Electric
Structural Information
- Roof: Asphalt Shingle
- Square Feet: 11,867
- Sq. Ft. Source: Public Records
- Year Built: 1988
Unit Information
Unit 1
- Unit Description: Office
Lot Features
- Lot Size (Acres): 0.62
- Frontage: State Road
- Zoning: B1
- Lot Description: Corner Lot
Financial Considerations
- Assessment Amount: $481,310
- Tax Year: July 2025-June 2026
Disclosures and Reports
- Documents Avail.: Brochure
- Property ID: 173967
Listed by Hodson Realty, Inc., Stephen Hodson
Sold by BHGRE Gaetano Marra Homes, Melanie Billie
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Schools
Schools serving 388 Main St
School District:Monroe School District
| Name | Grades | Distance |
|---|---|---|
Stepney Elementary School 180 Old Newtown Road, Monroe, CT 06468 | K-5 | 0.5 mi |
Jockey Hollow School 365 Fan Hill Road, Monroe, CT 06468 | 6-8 | 2.2 mi |
Masuk High School 1014 Monroe Turnpike, Monroe, CT 06468 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 388 Main St
Date
Details
Price
Change
Source
7/31/2026
Sold
$1,210,000
-6.92%
MLS
11/25/2025
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
388 Main Street, Monroe, CT 06468 (MLS# 24142164) is a Commercial property that was sold at $1,210,000 on July 31, 2026. Want to learn more about 388 Main Street? Do you have questions about finding other Commercial real estate for sale in Stepney? You can browse all Stepney real estate or contact a Coldwell Banker agent to request more information.

