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5112 W Highway 74 15,200 SF Retail Building Monroe, NC 28110 $5,500,000 ($361.84/SF) 10% Cap Rate
Investment Highlights
- 2-acre paved lot provides generous space for vehicle display, inventory storage, and ample customer parking on-site.
- Fully built-out auto dealership space is move-in ready with showroom features suited for automotive operations.
- Standalone building adaptable for automotive or other retail uses that require abundant outdoor space.
- 263 feet of road frontage offers premium visibility along a high-traffic corridor to maximize brand exposure.
- Convenient ingress and egress ensure smooth access for customers and staff, enhancing operational efficiency.
- Located near major national and regional retailers, ensuring strong consumer traffic in a thriving retail corridor.
Executive Summary
Approximately 2 acres of paved parking suitable for vehicle display, customer parking, and inventory storage.
263 Feet of road Frontage
Premium Build out
Great visibility and easy access, ideal for auto sales or other automotive uses.
The best road frontage you can find.
263 Feet of road Frontage
Premium Build out
Great visibility and easy access, ideal for auto sales or other automotive uses.
The best road frontage you can find.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
15,200 SF
Building Class
B
Year Built
2006
Price
$5,500,000
Price Per SF
$361.84
Cap Rate
10%
NOI
$550,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.53 AC
Zoning
AQ7
Parking
189 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
263’ on US Hwy 74
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-048-006-A | Improvements Assessment | $1,969,400 |
| Land Assessment | $1,265,000 | Total Assessment | $3,234,400 |
Property Taxes
Parcel Number
07-048-006-A
Land Assessment
$1,265,000
Improvements Assessment
$1,969,400
Total Assessment
$3,234,400
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5112 W Highway 74