1 / 21

Property Location

116 S Broad Street, Monroe GA 30655

Interactive Map

Open in Google Maps →

List Price $4,500

Units adj 1

Price / Unit $4,500

116 S Broad Street Monroe, GA 30655

Data last updated: August 2, 2026 at 9:46 PM EST

ACTIVE

Located in the heart of downtown Monroe, the former Milner Aycock Building is prominently situated across the street from the Historic Monroe Courthouse. Neighboring businesses include Willfully Guided, The Roe, Rinse Co., Addison's Wonderland, The Brown Fig, The Monroe Mercantile, Scoops, The Blue Rooster, LR Burger, Coffee Camper and so many more. This is the perfect opportunity to integrate your business in the thriving epicenter of downtown Monroe. Downtown Monroe is supported by an active Development Authority and offers an Annual Car Show, Fall Festival, Monroe Blooms Festival, First Friday Summer Concerts and Seasonal Parades. With upwards of 10,000 people in attendance at most of these festivities, your business will benefit greatly from visitors and residents alike. 116 S Broad is well-suited for retail, restaurant, the possibilities are truly endless. Lease rate will be based on tenant required build-out and use. Contact us today to tour this historic building! Monthly lease rate varies and is determined by amount of square footage required for Tenant. Can build to suit!

Investment Notes — Monroe

Located in the Monroe, GA area
Value-add opportunities typically exist through management, renovations, or operational improvements
Rental demand and achievable rents vary significantly by submarket — local market verification is recommended
Actual cash flow depends on occupancy, expenses, financing, and current market conditions

Built from available FMLS income data and transparent operating assumptions · Units adjusted (LIST_PRICE_LOOKS_LIKE_RENT)

Price per Unit $4,500 Verified

Confidence scores included Latest FMLS data Transparent modeling

Starts from list price and unit count. No rent data in this listing — enter your own rent assumptions below. Override any value to model your own scenario. Units adjusted (LIST_PRICE_LOOKS_LIKE_RENT).

Assumptions

Purchase Price List Price

Number of Units

Avg Rent / Unit / Month Enter your estimate

Annual Gross Potential Income Editable

Enter rent per unit or total GPI to model returns

Vacancy Rate Estimated

5.0%

Operating Expense Ratio Estimated

40%

Financing

Down Payment Default 25%

25%

Interest Rate Default 7%

Loan Term Years

30 yrs

Projected Returns

Gross Potential Income —

Effective Gross Income —

Operating Expenses —

Net Operating Income (NOI) —

Asking Cap Rate —

Price Per Unit —

Annual Debt Service —

Year 1 Cash Flow —

Cash-on-Cash Return —

Simplified estimates for Monroe. Actual results depend on real rents, expenses, financing terms, and local market conditions. Service view: Inquire for Details.

Why these numbers can differ from the Metrics Bar & Highlights above

The Metrics Bar and Highlights use the service’s numbers (actual MLS Gross / Opex / NOI / Cap Rate when available, otherwise modeled).
This calculator lets you change every assumption in real time. Once you move any slider or input, the results become your scenario, not the service estimate.
Vacancy, expense ratio, and financing terms here may be more or less aggressive than the service defaults.
Cash flow shown is before income taxes, capital expenditures, and any other non-operating items.

Inquire for Details

Jeff’s Investment Take

Insufficient data for a modeled recommendation. Contact for the rent roll and actuals.

Other Monroe, GA multifamily properties currently available

Multifamily for sale: 122 Nowell Street, Monroe

2 Units

Review Further

$409,000

4.2% Cap -7.0% CoC est

Important Investment Information

Suppressed (LIST_PRICE_LOOKS_LIKE_RENT). Verify classification and actual numbers with the listing agent.

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7655570 · Listing courtesy of The Eulalia Group Real Estate, LLC, Susan Sykes · 678-858-9253

IDX Information Provided by Jeff Crowe · jeffcrowe@c21theavenues.com

FMLS · Updated Daily

Featured Agent