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    1424 Franklin St Monroe, NC 28112

    For Sale
    $898,900

    Prime medical building, excellent location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional all-brick medical facility is ideally situated next to a hospital in Monroe, North Carolina, offering unparalleled convenience and accessibility. The building boasts a thoughtfully designed layout, featuring two nearly identical wings sharing a central core. Each wing offers ample space for medical practices, with a total of five individual offices, ten exam rooms, and seven bathrooms. Additional features include a dedicated archives room for secure record storage, two mechanical rooms for efficient building maintenance, and two well-equipped laboratory spaces. A spacious reception area ensures a welcoming environment for patients, while a comfortable break room and collaborative coworking space cater to the needs of staff. The property sits on a 0.37-acre lot, providing ample parking and potential for future expansion. Recent renovations include fresh paint throughout and the installation of new flooring, ensuring a modern and inviting atmosphere. This turnkey medical building presents a rare opportunity for healthcare professionals seeking a well-maintained, strategically located facility. The asking price is $898,900. This property is perfect for a group practice or a single large medical practice. The building's layout allows for flexibility and customization to suit various medical specialties. The prime location and modern amenities make this an exceptional investment opportunity.

    Property Features for 1424 Franklin St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,117 SF

    Building Details

    Year Built
    1990
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Latika D. ... Obstetrician-Gynecologist Union County Women's ... Obstetrician-Gynecologist Millicent Francis-Lane Doctor Carolina Obstetrics-Gynecology Obstetrician-Gynecologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.52078
    Latitude
    34.97321

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    FAQs

    What type of property is this?
    Commercial real estate - Prime medical building, excellent location.
    Where is this commercial real estate located?
    The property is located at 1424 Franklin St Monroe, NC.
    What is the asking price?
    The asking price for this property is $898,900.
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    1424 Franklin St Monroe, NC 28112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1424 Franklin St Monroe, NC 28112
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