Charlotte Flex for Lease - Northeast/I-77
The property at 1617 W Roosevelt Blvd presents a compelling value-add investment opportunity in the growing commercial market of Monroe. This ±10,000 square foot multi-tenant office and flex building sits on approximately 0.99 acres along the highly trafficked W Roosevelt Blvd (US Highway 74) corridor, which sees roughly 54,000 vehicles per day, providing exceptional exposure for tenants and long-term visibility for investors.
The single-story building features 11 suites with a strong tenant base and approximately 94% occupancy, offering stable in-place income and immediate cash flow. The property generates a current NOI of approximately $87,000 with pro forma NOI potential exceeding $101,000 through lease-up and operational optimization.
Constructed in 1970 and improved with a roof replacement in 2021, the asset provides a solid physical plant with reduced near-term capital expenditures. The site also includes ample surface parking, strong building signage, and flexible office/flex suite layouts that appeal to a wide range of local businesses.
Located within the greater Charlotte-Concord-Gastonia metro area, the property benefits from continued population and business growth, making it an attractive acquisition for investors seeking stable income, upside potential, and long-term appreciation in a high-demand commercial corridor.