510 Morgan Mill RdMonroe, NC 28110

  • Other commercial real estate
  • 9,000 SF
For Sale
$1,500,000 View listing

Property Details for 510 Morgan Mill Rd

Year built
1980
Lot size
2.24 AC
Property size (Sq ft)
9,000 SF
Zone code
GB MONROE
Property type
Other commercial real estate
APN
09-189-014A
APU
09189014A

Description

This exceptional 9,507 square foot retail property, located at 510 Morgan Mill Road in Monroe, North Carolina, presents a lucrative investment opportunity. The property, built in 1980 and extensively renovated in 2022, boasts a single-story building situated on a 2.24-acre lot, completely fenced for enhanced security and ample storage. Currently operating as a thriving, owner-occupied auto sales and auto body shop, the property features two units: a 1,972.2 square foot office building with a breakroom, and a 7,590 square foot climate-controlled warehouse/shop space equipped with two drive-in bay doors. The property benefits from high visibility and convenient access to US Highway 74 and downtown Monroe, surrounded by numerous amenities including restaurants, hotels, and gas stations. Zoned GB (General Business), this versatile property is ideal for a variety of uses, including retail, auto repair, auto sales, or commercial vehicle parking. The property is 100% occupied and offers significant potential for future growth. The asking price is $1,499,000. Parcel ID: 09189014A.

510 Morgan Mill Rd, Monroe, North Carolina

Location Insight

City
Monroe
County
Union
State
North Carolina
Latitude
34.9858
Longitude
-80.5329
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,376
$504,200
$172,200
$676,400
-
$504,200
$172,200
$676,400

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