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    1402 E Franklin St Monroe, NC 28112

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    For Sale
    $890,000

    Corner lot with drive-through, ideal for office or retail.

    Property size:
    7,440 SF
    Lot size:
    1.48 Acres

    Property Features for 1402 E Franklin St

    General Information

    Size
    7,440 SF
    Lot size
    1.48 Acres

    Source: Ty-Par Realty Agent Troy Simpson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lot Office/Retail Opportunity

    This property, situated on a corner lot, offers potential for office or retail use. The building includes a drive-through window, previously utilized by a pharmacy. There are 50 parking spaces available on site. The property encompasses a total area of 7,440 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    GetCoins Bitcoin ATM Crypto Atm 101 SMOKE SHOP Tobacco Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.564114
    Latitude
    34.983679

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    FAQs

    What type of property is this?
    Office building - Corner lot with drive-through, ideal for office or retail.
    Where is this office building located?
    The property is located at 1402 E Franklin St Monroe, NC.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: - Corner lot location; - Suitable for office use; - Pharmacy with drive-through window
    (704) 201-9833
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    1402 E Franklin St Monroe, NC 28112
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    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
    1402 E Franklin St Monroe, NC 28112
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