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2116 W Roosevelt Blvd 5,450 SF Retail Building Monroe, NC 28110 $2,600,000 ($477.06/SF)
Investment Highlights
- Tenant in place- Tavern 74
- Freestanding commercial space
- In-place income
Executive Summary
2116 W Roosevelt Blvd in Monroe, NC presents a compelling investment opportunity featuring a 5,450 SF freestanding commercial building with in-place income. The property is currently occupied by Tavern 74, a well-established tenant that is committed to remaining for at least one additional year, with an option to renew the lease, providing near-term cash flow and future upside. Offered at $2,600,000, this asset combines a stabilized tenancy with long-term flexibility, making it attractive for both investors seeking income and buyers positioning for future value enhancement.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,450 SF
Building Class
C
Year Built
1999
Price
$2,600,000
Price Per SF
$477.06
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.73 AC
Zoning
B-1 SU - Neighborhood Business Special Use
Parking
120 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
93’ on Roosevelt Blvd
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-216-070-E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,177,900 |
Property Taxes
Parcel Number
09-216-070-E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,177,900
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Cannon plaza
2116 W Roosevelt Blvd
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