1031 Exchange Industrial
For Sale
Under Contract
$1,700,000
501 N Mountain Street, Cherryville, NC 28021
Commercial Sale, Cherryville, NC
Property Size152,000 SF
Lot Size4.97 Acres
Price / SF$11.18
Days on Market627
Property Features for 501 N Mountain Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RMF
Zoning description
RMF
Rooms
Basement
Lot features
Corner Lot
Standard status
Active Under Contract
APN
128879
Lot size
4.97 Acres
Taxes and HOA fees
Tax Description
. 06 001 023 00 000
Legal Description
. 06 001 023 00 000
Building Details
Year built
1900
Listing Agency:
Highland Real Estate
(704) 477-5423
Listed By:
Jodi Warren
(704) 477-9906
Added: Dec 2, 2024
Changed: Aug 19
Last Checked: Aug 21 at 7:06PM
MLS# 4200226
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This historic mill property occupies a 4.97-acre site and retains exposed brick walls, substantial wood beams, and high ceilings. Constructed in 1900, the building includes a basement and offers a distinctive industrial setting for redevelopment or adaptive reuse. Approved RMF zoning supports the property’s identified residential and mixed-use redevelopment concepts, including apartments, townhomes, and mixed-use residential space.
The property is located at 501 N Mountain Street in Cherryville, North Carolina, with more than 996 feet of road frontage. It sits approximately 0.4 miles from downtown Cherryville, where multiple housing projects are underway. The City of Cherryville and Gaston County have voiced support for repurposing the mill. The property is also identified as suitable for a 1031 exchange.
The property is located at 501 N Mountain Street in Cherryville, North Carolina, with more than 996 feet of road frontage. It sits approximately 0.4 miles from downtown Cherryville, where multiple housing projects are underway. The City of Cherryville and Gaston County have voiced support for repurposing the mill. The property is also identified as suitable for a 1031 exchange.
Key Highlights
- 4.97‑acre mill property with approved RMF zoning
- More than 996 feet of road frontage
- Historic building constructed in 1900
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 28021, NC
13,669
Population
6,306
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
89%
High-School Grad
58.8 sq mi
ZIP Area
232
Density / Sq Mi
$57,652
Median Household Income
$37,703
Median Earnings
$874
Median Rent
$196,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Historic mill building with approved RMF zoning and original architectural features.
Where is this 1031 exchange property located?
The property is located at 501 N Mountain Street Cherryville, NC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4.97‑acre mill property with approved RMF zoning; More than 996 feet of road frontage; Historic building constructed in 1900
