For Sale
$2,300,000

2708 Morgan Mill RdMonroe, NC 28110

12.76 Acres, Mixed-Use Potential, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 12.76-acre parcel presents a remarkable investment opportunity in Monroe, North Carolina. Strategically located near the Highway 74 Bypass, this property boasts a prime location with high visibility and convenient access. The land is designated as an Opportunity Zone, offering significant tax advantages for qualified investors. The property's APN is 09140024, and it's zoned CC-MX2 by the City of Monroe, allowing for a diverse range of development possibilities. Proposed uses include single-family townhomes, multifamily residential projects, and various commercial ventures. Commercial options could encompass general retail spaces up to 100,000 square feet, drive-through restaurants, convenience stores, and car washes. This versatile property offers substantial potential for developers seeking a high-impact project in a rapidly growing area. The expansive lot size provides ample space for a large-scale development, catering to a variety of needs and market demands. Its proximity to major transportation routes ensures excellent accessibility for residents and customers alike. This is a rare opportunity to acquire a significant land holding in a thriving location with considerable upside potential. The combination of its Opportunity Zone status and flexible zoning makes this property an attractive investment for both residential and commercial developers.

Highlights

  • $2,300,000 asking price.
  • 12.76-acre land parcel.
  • Located in Monroe, NC, Union County (APN: 09140024).
  • CC-MX2 zoning.
  • Situated in an Opportunity Zone.

Property Details for 2708 Morgan Mill Rd

Property type
Land
Lot Size (sq. ft)
555,826 SF

Location Insight

City
Monroe
County
Union
State
North Carolina
Latitude
35.0119259
Longitude
-80.511238
2708 Morgan Mill Rd, Monroe, North Carolina

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2708 Morgan Mill Rd
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