What is the asking price for Office/Flex Building For Sale?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Office/Flex Building For Sale?

This property is listed as Multi-Tenant.

What is the total size of Office/Flex Building For Sale?

The property has a total square footage of 10,209 SF.

When was this property built?

Office/Flex Building For Sale was built in 1970.

How many parking spaces are available at Office/Flex Building For Sale?

Parking information for the property isn't currently listed.

Office/Flex Building For Sale

1617 Roosevelt Blvd, Monroe, NC 28110

Property Information

For Sale $1,300,000
Property Type Office
Property Size 10,209 SF
Lot Size 0.99 Acre
Zoning CAO-C
# of Floors 1
Property Tenancy Multi-Tenant
Building Class C
Year Built 1970
Date Updated Feb 17, 2026

Description

This ±10,000 SF office/flex building presents a compelling investment and value-add opportunity in a high-visibility location along W. Roosevelt Blvd. The property benefits from excellent signage exposure and strong traffic counts of approximately 54,000 vehicles per day along Highway 74, providing consistent visibility for tenants and businesses.

The building is currently 94% leased, with 10 of 11 suites occupied, offering immediate in-place cash flow and upside through lease-up of the remaining suite. A new roof installed in 2021 adds long-term durability and reduces near-term capital expenses.

The asset delivers a current NOI of $87,780, with a pro forma NOI of $101,700, making it an attractive opportunity for investors seeking stable income with additional upside potential.