1617 W Roosevelt Blvd 10,000 SF 83% Leased Office Building Monroe, NC 28110 $1,300,000 ($130/SF)
INVESTMENT HIGHLIGHTS
- Fantastic visibility and high traffic counts on HWY 74 in Monroe, NC.
- Signage.
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
10,000 SF
Building Class
C
Year Built
1970
Price
$1,300,000
Price Per SF
$130
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,000 SF
Building FAR
0.23
Lot Size
0.99 AC
Zoning
CAO-C - Proposed use: Commercial
Parking
55 Spaces (7.83 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Day Care
- Dry Cleaner
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
900SF of Flex space / office with dock-door. Available at $16/SF.
Small offices available.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - L | 900 SF | Flex | Full Build-Out | Now |
| 1st Fl-Ste M | 800 SF | Office | Full Build-Out | Now |
1st Fl - L
| Size |
| 900 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste M
| Size |
| 800 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $369,200 | |
| Land Assessment | $244,600 | Total Assessment | $613,800 |
