1617 W Roosevelt Blvd - Office FOR SALE


Monroe, NC 28110
$1,300,000 USD
704-621-4982
1617 W Roosevelt Blvd, Monroe, NC for Sale
$1,300,000 USD
Office - FOR SALE
1/24
null | Request Cap Rate

1617 W Roosevelt Blvd
Monroe, NC 28110


HIGHLIGHTS

  • Fantastic visibility and high traffic counts on HWY 74 in Monroe, NC.
  • Signage.

OVERVIEW

Presenting a ±10,000 SF Multi-Tenant Office/Flex Building for sale. Great investment and value-add opportunity. The property has fantastic signage and visibility on W. Roosevelt Blvd with ±54,000 VPD on HWY 74. The roof was replaced in 2021. The building is currently 94% leased, featuring 11 total suites with 10 leased. The current NOI is $84,420 and the Pro Forma NOI is $101,700.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

CAO-C

APN/PARCEL ID

09-226-031,09-226-031-A

ASK ABOUT THIS PROPERTY

Thomas MuellerNewLeaf Commercial Real Estate, LLCMore Info
704-621-4982

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Thomas MuellerNewLeaf Commercial Real Estate, LLCMore Info
704-621-4982

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.