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  • 755 Main Street #8, Monroe, CT 06468
  • $550,000
  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 0 Half BathroomHalf Bathrooms
  • 5,716 Sqft
  • Sold On

755 Main Street #8, Monroe, CT 06468

  • Open House
  • New Listing


  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 5,716 Sqft
  • Commercial
  • Active
  • MLS# 99129190
  • Sold On
0 More Schedule
  • Price Reduced

Property Information 755 Main Street #8

  • MLS99129190
  • Zip Code06468
  • TypeCommercial
  • Sq. Ft.5, 716.00
  • Parking Parking Lot, Paved
  • Parking100
  • HeatingNo Heat, Zoned
  • CoolingCentral Air
  • WaterPublic Water Connected
  • SewerSeptic
  • Year Built1988
  • Acreage0.0000
  • Estimated Taxes$12, 530
  • Assesment$350, 400
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 $2,400 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.

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About Monroe, CT

A bedroom community of NYC, Monroe has an independent vibe and a lively spirit characterized by bright education, recreation and civic involvement.


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Listing courtesy of: Jeanette Politano, Coldwell Banker Residential Brokerage  © 2018 Smart Multiple Listing Service Inc. All Rights Reserved.