701 E Roosevelt Blvd

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701 E Roosevelt Blvd

Monroe, NC 28112
Asking Price
$1.50M
Asset Type
Office
Class
Class B

What's Special

701 E Roosevelt Blvd is situated along U.S. Route 74, a primary commercial thoroughfare in Monroe, North Carolina. The surrounding neighborhood is characterized by a mix of retail centers, medical facilities, and established local businesses. Nearby amenities include various dining options, financial services, and the Atrium Health Union hospital campus located less than two miles away. The property benefits from high visibility and direct access to regional transportation routes connecting Monroe to the greater Charlotte metropolitan area. This site is well-suited for professional services, administrative offices, or satellite corporate branches. The location and visibility make it an appropriate fit for medical practitioners, legal firms, or insurance agencies seeking proximity to the city’s commercial core. Typical tenants would include small to mid-sized service providers that prioritize ease of access for local clients and a central position within the Union County business district.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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