

Listed by Walt Perry Realty
$1,800,000
300 N. Hayne Street
Details
Property Type Office, Retail
Sub Type Bank, Convenience Store
Square Footage 9,828
Units 4
Cap Rate 6.11%
NOI $110,042
Occupancy 77%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.69%
Pro-Forma NOI $120,378
Price per SqFt $183
Broker Co-Op Yes
Class C
Year Built 1977
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.260
Zoning DG-MX
Investor or Owner/Occupier Opportunity in Downtown Monroe, NC
Marketing description
300 N Hayne Street is a mixed-use property in the heart of downtown Monroe, North Carolina. The building recently gained regional recognition with the addition of a now well-known sunflower mural painted by Girls Who Paint, making it one of the most recognizable and photographed buildings in Union County while preserving its legacy as a former bank.
- Approximately 10,000 square feet of commercial space across four units in Monroe’s downtown core (just outside the historic designation — so it is NOT on the Historic Registry)
- Roughly 7,721 square feet currently occupied by two tenants
- Former bank building with strong architectural presence, prominent street frontage, and landmark visibility
- Monroe is the county seat of Union County, which has a population exceeding 240,000 residents and is among the fastest-growing counties in North Carolina
- Monroe’s population exceeds 35,000 residents and continues to grow due to Charlotte metropolitan expansion
- Union County median household income approaches $100,000, providing strong regional purchasing power and support for professional and service-based tenants
- Five-mile trade area population exceeds 45,000 residents with continued projected growth
- Walkable downtown location near courthouse, government offices, local businesses, and civic anchors
- Well-suited for investors seeking stabilized income with value-add upside, or owner-occupiers looking to offset occupancy costs through rental income from additional units
For more information, call Jessica Perry with Walt Perry Realty at 704-507-8128.
Listing Contacts


Listed by Walt Perry Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$110,042.00
$9,170.17/mo
Valuation Metrics
0
DSCR
6.11%
Cap Rate
6.11%
ROI
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