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
1/12
null | Request Cap Rate

1617 W Roosevelt Blvd
Monroe, NC 28110


HIGHLIGHTS

  • 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 $87,780 and the Pro Forma NOI is $101,700

OVERVIEW

This ±10,000 SF office/flex building presents a strong investment and value-add opportunity along the highly trafficked W. Roosevelt Blvd corridor. With outstanding signage and visibility on HWY 74, the property benefits from approximately 54,000 vehicles per day, offering excellent exposure for tenants and long-term positioning for investors. The building is currently 94% leased, featuring 11 total suites with 10 occupied, providing immediate and stable cash flow. The current NOI is $87,780, with a Pro Forma NOI of $101,700, offering upside potential through lease-up and operational optimization. Additional highlights include a roof replacement completed in 2021, reducing near-term capital expenditure concerns. This well-positioned asset combines strong in-place income, value-add potential, and prime visibility in a high-demand commercial corridor.

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 NAME

Office Flex Building For Sale - High VPD

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 MuellerOne Alliance CompaniesMore Info
704-621-4982

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Thomas MuellerOne Alliance CompaniesMore Info
704-621-4982

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