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    OFF-MARKET
    Medical Office Space

    701 Roosevelt Blvd, Monroe, NC 28112-5170

    1,500 SF 0.32 ac lot Built 1996
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US53-1997408
    Property summary
    AI-generated overview

    This exceptional 6,100 square foot Class B medical office building presents a unique owner-user and investment opportunity. Located in Monroe, North Carolina, at 701 E Roosevelt Blvd, zip code 28112, this property boasts two main units. One unit is currently leased to Pinnacle Dermatology, leaving approximately 3,000 square feet available for an owner-occupancy or additional leasing. The building is situated across Highway 74 from Atrium Union Hospital, benefiting from a strong medical presence in the immediate vicinity. The asking price is $1,416,477, translating to $232.21 per square foot. The property is zoned O-T and is designated as an Opportunity Zone, offering potential tax advantages for investors. This strategic location, combined with the existing tenant and ample space, makes this a compelling investment prospect in a thriving medical corridor. Further information on Opportunity Zones and their benefits can be found at the provided link. This is a modified lease property.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1996
    Total area 1,500 SF
    Lot 0.32 ac (13,939 SF)
    Zoning code GB MONROE
    APN 09-156-015A
    UPID US53-1997408
    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
    • Uyiekpen Igbinadolor Dental Office
    • Anne M. Hudson, PT Physician
    • Anson Union Prosthetic Ortho Orthotics & Prosthetics Service
    • Page Christy L Physician
    • Dr. Brian J. Wilder, MD Physician
    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
    349 Venus LLC · 5 yrs held
    349 Venus LLC
    since 2021
    Last sale
    $140,000
    2 recorded transactions
    2021
    $140,000
    1969
    Zoning & alternative use
    GB MONROE · Monroe, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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