1303 Dove StMonroe, NC 28112

Property Details for 1303 Dove St

Year built

1974

Lot size

0.42 AC

Property size (Sq ft)

3,419 SF

Zone code

OT MONROE

Property type

Healthcare properties

Property subtype

Medical offices

APN

09-194-143

APU

9194143

Description

This 3,419 square foot, single-story Class B medical office building in Monroe, NC, presents a unique owner-user opportunity. Located on a 0.42-acre lot at 1303 Dove St, 28112, this property boasts a prime location directly across from Atrium Health Monroe hospital. Completely renovated in 2019, the building features a spacious reception area, five operating/exam rooms, a training room, two patient bathrooms, a private owner's office with a full bath and shower, a lab area, sterilization room, staff break room, and ample storage. The building is equipped with a vacuum/suction system for each operating room (dental chairs and compressor are negotiable). Built in 1974, this turn-key dental office is zoned COM and offers significant potential for a dental practice or other medical professional. The asking price is $740,000 ($216.44/sq ft). The property is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $966,051

  6.5%

  $891,739

  7%

  $828,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $578,973

  Geo Method

  $578,973

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,756

  Hospitality

  $1,012,867

  Educational

  $842,694

  Medical

  $871,675

  Retail

  $1,310,857

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

34.9773

Longitude

-80.5247

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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