5205 Highway 74Monroe, NC 28110

Property Details for 5205 Highway 74

Year built

1957

Lot size

1.25 AC

Property size (Sq ft)

910 SF

Zone code

RBD INDIAN TRAIL

Property type

Land

Property subtype

Commercial land

APN

07-069-032

APU

7069032

Description

This exceptional 1.25-acre commercial lot presents a remarkable development opportunity in Monroe, North Carolina. Strategically located on heavily trafficked West Highway 74, boasting over 50,000 vehicles daily, this property offers unparalleled visibility for any commercial venture. The lot features 113 feet of prime highway frontage, ensuring maximum exposure to potential customers. Zoned RBD (Regional Business District), this parcel is ready for immediate development. Conveniently situated, water and sewer are readily available on-site, streamlining the construction process and minimizing upfront costs. The asking price is $375,000, translating to a land value of $6.89 per square foot. This represents a compelling investment opportunity given the high traffic volume and desirable location. Furthermore, there's potential to expand your footprint by acquiring adjacent parcels, allowing for significant future growth and development. This property is ideal for a wide range of commercial uses, making it an attractive proposition for savvy investors and developers seeking a high-impact location in a thriving area. The property address is 5205 W Hwy 74, Monroe, NC 28110, within Union County.

• Alternative Use

  Use

  Valuation

  Residential

  $294,308

  Hospitality

  $269,584

  Educational

  $224,291

  Medical

  $232,005

  Retail

  $348,897

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

35.0553

Longitude

-80.6271

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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