701 Roosevelt Blvd, Monroe, NC 28112-5170
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.
-
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
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.