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Property profile & analytics
OFF-MARKET
Strip malls

402 Patton Ave Monroe, NC 28110-2412

10,350 SF 0.98 ac lot Built 1986
Entity Owned 7-yr Hold Free & Clear
Property ID
US53-0969419
Property summary
AI-generated overview

This exceptional commercial property, located at 402 Patton Avenue, offers versatile office space in a high-traffic area of Monroe. Situated within a bustling strip center at a major intersection, this property boasts excellent visibility and accessibility. The space currently totals 1,335 to 2,670 square feet, offering significant flexibility for businesses of varying sizes. The landlord is open to dividing the space to accommodate specific tenant needs, resulting in a potentially higher price per square foot for smaller units. The interior is an open layout, providing ample opportunity for customized design and efficient workflow. A key feature is the inclusion of four bathrooms conveniently located at the rear of the property. This property is ideal for businesses seeking a prominent location with high foot traffic and the potential for customized space configurations. The property type is classified as Retail, Office, and Restaurant, making it suitable for a variety of commercial uses. The tenancy is single, offering exclusive use of the space. This presents a unique opportunity for a business to establish a strong presence in a thriving commercial area. The property's location at one of Monroe's busiest intersections ensures maximum exposure and accessibility for clients and employees.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1986
Total area 10,350 SF
Lot 0.98 ac (42,689 SF)
Zoning code GB MONROE
APN 09-226-198
UPID US53-0969419
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Taqueria Y Mariscos Taxco Restaurant
  • DigitalMint Bitcoin ATM Teller Window Bank Credit Union
  • GMS Cyber Center Telecommunications Service Data Center
  • U-Haul Neighborhood Dealer Car Rental Facility
  • Taqueria Monarcas Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
City Of Monroe · 7 yrs held
City Of Monroe
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
GB MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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