402 Patton Ave Monroe, NC 28110-2412
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.
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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
GB 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.