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755 Main Street #8, Monroe, CT 06468

$550,000 Sale Pending

  • For Sale
  • Pending
  • Commercial
755 Main Street #8, Monroe, CT 06468View this property at 755 Main Street #8, Monroe, CT 06468
755 Main Street #8MonroeCT06468

Property Description

8.3% CAP RATE! FULLY OCCUPIED Professional office condo at Bradford Green is perfect for the investor looking for passive income in a professionally tenanted commercial building that pays their rent! The building has 4 current tenants (excluding owners office). First-floor tenants include a long time attorney and an acupuncturist (newest tenant). The second-floor tenants include a large therapy group and an executive. The owner has a single office in the building and that space could be leased out for $600 per month for an additional $7,200 annual income over what the income currently reflects. Recent updates and recently painted units. All but one tenant have been long-term tenants. All tenants have leases and all want to remain. Each
unit has their own entrance and restroom. Bradford Green is a well-managed commercial condominium office/retail park consisting of 8 buildings. The entire building features nicely fitted out office spaces that are recently painted and nicely maintained. Tenants pay their own utilities, separate electric meters for each tenant and each tenant pays a % of gas/heat. A large dry basement is perfect for storage. This is a well-maintained corner building with great visibility and tons of parking. Located on Main Street/Rte 25, short drive to Rte 59, I-84 and minutes to the Merritt and Rte 8. See income and expenses in supplemental documents.This property makes a great alternative to investors that purchase residential properties.

Full Property Detailsfor 755 Main Street #8

General

  • Price: $550,000
  • Taxes: $12,530 (July 2017-June 2018)
  • Status: Pending
  • Type: Commercial
  • MLS ID: 99129190
  • Updated: 5/11/2018
  • Added: 870 day(s) ago

Business

  • Business Type: Other

Interior

  • Flooring: Concrete

Rooms

Bathrooms

  • Restrooms: 4

Exterior

  • Color: slate gray

Parking

  • Uncovered Spaces: 100
  • Total Spaces: 100
  • Parking: Parking Lot, Paved
  • Garage Description: Parking Lot, Paved

Location

  • County: Fairfield
  • Neighborhood: Upper Stepney
  • Complex: Bradford Green
  • Driving Directions: Rte 25/Main Street to Bradford Green
  • Traffic Count: 19000
  • Location Details: Office Park, Suburban

Community

  • Community Name: Upper Stepney

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: No Heat, Zoned, Natural Gas
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Septic
  • Water: Public Water Connected
  • Utility Description: Cable, Electric, Gas, Telephone
  • Onsite: Cable, Electric, Gas, Telephone

Structural Information

  • Exterior Const.: Frame
  • Roof: Asphalt Shingle
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 5,716
  • Sq. Ft. Source: Owner
  • Current Bldg. Use: Office
  • Office: 5,200 Sq. Ft.
  • Year Built: 1988

Unit Information

  • Units in Complex: 5
  • # Tenants: 4

Unit 1

  • Unit Description: Office
  • Square Feet: 1550
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 2

  • Unit Description: Office
  • Square Feet: 1550
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 3

  • Unit Description: Office
  • Square Feet: 1100
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 4

  • Unit Description: Office
  • Square Feet: 1100
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 5

  • Unit Description: Office
  • Square Feet: 1550
  • Total Bathrooms: 1
  • Half Baths: 1
  • Partial Bathrooms: 1

Unit 6

  • Unit Description: Office
  • Square Feet: 1,550
  • Total Bathrooms: 1
  • Half Baths: 1
  • Partial Bathrooms: 1

Unit 7

  • Unit Description: Office
  • Square Feet: 600
  • Partial Bathrooms: 1

Unit 8

  • Unit Description: Office
  • Square Feet: 600
  • Total Bathrooms: 1
  • Partial Bathrooms: 1

Unit 9

  • Unit Description: Office
  • Square Feet: 400

Unit 10

  • Unit Description: Office
  • Square Feet: 400

Lot Features

  • Frontage: Paved Road, State Road, U.S. Highway
  • Frontage Feet: 400
  • Street/Road Desc.: Paved Road, State Road, U.S. Highway
  • Present Use: Office
  • Zoning: B1
  • Lot Description: Corner Lot, Level Lot

Financial Considerations

  • Assessment Amount: $350,400
  • Tax Amount: $12,530
  • Tax Year: July 2017-June 2018

Disclosures and Reports

  • Documents Avail.: Appraisal, Brochure, Legal Description
  • Property ID: 177057

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— 755 Main Street #8 —

Schools

Schoolsserving 755 Main Street #8

School District:Monroe School District
School Name
Grades
Distance
Masuk High School
1014 Monroe Turnpike, Monroe, CT 06468
9-12
3.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 755 Main Street #8 Get Price Alerts

Date
Details
Price
Change
Source
3/06/2017
Price Reduced
$550,000
-4.35%
MLS
8/18/2016
Price Reduced
$575,000
-3.36%
MLS
1/07/2016
Listed
$595,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 755 Main Street #8

755 Main Street #8, Monroe, CT 06468 (MLS# 99129190) is a Commercial property. 755 Main Street #8 is currently listed for $550,000 and was received on January 08, 2016. This property is listed by Jeanette Politano from our Trumbull Office.Want to learn more about 755 Main Street #8? Do you have questions about finding other Commercial 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.