1923 Old Charlotte HwyMonroe, NC 28110

Property Details for 1923 Old Charlotte Hwy

Lot size

2.01 AC

Zone code

GB MONROE

Property type

Commercial land

APN

09-265-006

APU

9265006

Description

This ±2.21-acre commercial land parcel presents a unique ground lease opportunity in Monroe, North Carolina. Strategically situated on Old Charlotte Highway, this property offers exceptional accessibility and visibility. Its prime location provides convenient access to Highway 74, a major thoroughfare, situated just one mile away, ensuring seamless connectivity for businesses and their clientele. Furthermore, the property's proximity to Downtown Monroe, a mere two miles distant, allows for easy access to the area's amenities and vibrant community. The land is designated for commercial use and is available for a single tenant, making it ideal for businesses seeking a prominent location with ample space for development. This presents a compelling investment opportunity for businesses looking to establish a strong presence in a thriving area with excellent transportation links and proximity to a bustling downtown core. The property's size and location make it suitable for a variety of commercial ventures, offering significant potential for growth and return on investment. The ground lease structure provides flexibility and potentially lower upfront capital requirements. Serious inquiries are encouraged to explore this exceptional commercial land opportunity. The property is located in Union County.

• Alternative Use

  Use

  Valuation

  Residential

  $28,316,942

  Hospitality

  $25,938,166

  Educational

  $21,580,250

  Medical

  $22,322,428

  Retail

  $33,569,276

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

35.0011

Longitude

-80.5704

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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