100 Sunset DrMonroe, NC 28112

Property Details for 100 Sunset Dr

Year built

1976

Lot size

4.96 AC

Property size (Sq ft)

60,508 SF

Zone code

GB MONROE

Property type

Strip malls

Property subtype

Neighborhood centers

APN

09-234-039G

APU

09234039G

Description

Sunset Plaza, located at 100 E Sunset Dr in Monroe, North Carolina, presents a unique opportunity within the thriving Union County market. This Class A retail center encompasses a total of 58,228 square feet on a 0.75-acre lot, offering a blend of existing retail space and potential for build-to-suit development. Currently, 11,509 square feet is available for lease, providing flexibility for expansion or new tenancy. The property's "Multiple" tenancy structure indicates a diverse and established tenant base, contributing to a strong and stable income stream. The property is categorized as both Retail and Land, allowing for a variety of uses and development options. Its prime location in Monroe, NC, zip code 28112, ensures high visibility and accessibility for businesses. The property's classification as a Shopping Center suggests a well-designed layout optimized for retail operations, potentially including ample parking and convenient access points. This is an exceptional opportunity for businesses seeking a prominent location in a growing market, offering the potential for both immediate occupancy and long-term growth. The available space presents a chance to establish a new presence or expand an existing operation within a successful retail environment. Interested parties are encouraged to explore the possibilities presented by this versatile and well-situated property.

• CAP approach

  CAP return

  Valuation

  6%

  $19,229,100

  6.5%

  $17,750,000

  7%

  $16,482,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,656,300

  Geo Method

  $10,656,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $34,244,300

  Mixed-Use / Specialty

  $17,836,100

  Hospitality / Lodging

  $13,280,400

  Office

  $17,885,800

  Institutional / Educational

  $18,595,800

  Residential Income

  $21,757,100

  Multifamily

  $25,265,700

  Automotive / Energy

  $15,939,300

  Parking / Income-Based Land

  $5,352,790

  Restaurant / Food Service

  $9,595,670

  Healthcare / Senior Housing

  $18,137,400

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

34.9716

Longitude

-80.5481

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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