4520 Highway 74Monroe, NC 28110

Property Details for 4520 Highway 74

Year built

1966

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

1,688 SF

Zone code

RBD INDIAN TRAIL

Property type

Office properties

Property subtype

Office buildings

APN

09-363-004

APU

9363004

Description

This exceptional 1,575 square foot executive office suite is available for purchase at $437,500. Located at 4520 W Hwy 74 in Monroe, North Carolina (zip code 28110), this vacant property presents a fantastic opportunity for businesses seeking a ready-to-occupy space. Situated in Union County, the office boasts a convenient location with excellent accessibility. The property is currently vacant, allowing for immediate customization and occupancy to suit the needs of the new owner. The building itself offers a professional and efficient layout, ideal for a variety of executive office uses. This is a turnkey solution for businesses looking to establish a strong presence in the Monroe area. The asking price represents a compelling investment opportunity in a thriving market. The property's size and location make it suitable for a range of businesses, from small professional practices to larger corporate offices. With its strategic location and competitive price point, this executive office suite is poised to attract significant interest. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is ready for immediate possession. This is a rare chance to acquire a well-situated, move-in ready office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $476,950

  6.5%

  $440,262

  7%

  $408,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,846

  Geo Method

  $285,846

• Alternative Use

  Use

  Valuation

  Residential

  $545,925

  Hospitality

  $500,064

  Educational

  $416,048

  Medical

  $430,356

  Retail

  $647,185

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

35.0462

Longitude

-80.6118

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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