1424 Franklin St Monroe, NC 28112-5160
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.
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Dr. Latika D. Patel, MD Physician
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Union County Women's Care Physician
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Millicent Francis-Lane Physician
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Carolina Obstetrics-Gynecology Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OT MONROE · Monroe, NCMonroe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.