Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    501 N Mountain St Cherryville, NC 28021

    Under Contract
    For Sale
    $1,700,000

    COMMERCIAL - Cherryville, NC

    Lot size:
    4.97 Acres
    Days on Market:
    61
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 501 N Mountain St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    RMF
    Rooms
    Basement
    APN
    128879
    Lot size
    4.97 Acres

    Building Details

    Year built
    1900

    Highland Real Estate, LLC (704) 215-7137 [email protected]

    Listing agent Jodi Warren (704) 477-9906

    Listing date Oct 9, 2025

    MLS# 4200226 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Mill Redevelopment Opportunity

    The historic Cherryville Mill, situated on a 4.97-acre lot, offers over 152,000 square feet of space. With over 996 feet of road frontage and approved RMF zoning, the property is suitable for redevelopment into apartments, townhomes, or mixed-use residential spaces. It is also an excellent candidate for a 1031 exchange. Located just 0.4 miles from the developing downtown of Cherryville, the mill benefits from its proximity to a thriving area with several major housing projects underway. The city of Cherryville and Gaston County have expressed strong support for the property's repurposing. The mill retains much of its original character, featuring exposed brick walls, large wooden beams, and soaring ceilings. Cherryville is anticipated to experience significant economic growth, partly due to a planned lithium mine expected to generate thousands of new jobs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cherryville
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.383243
    Latitude
    35.384859

    Nearby Similar for Sale

    • $399,900
      1.27 Acres

      Two Brick Duplexes in Cherryville

      Two brick duplexes, great opportunity for investors.
      107 Sador St, Cherryville, NC 28021
      View Details
    • New
      $225,000
      0.07 Acres

      Downtown Cherryville Retail/Office Opportunity

      Flexible retail or office space in downtown Cherryville.
      214 E Main St, Cherryville, NC 28021
      View Details
    • $575,000
      0.80 Acres

      Commercial Property in Cherryville, NC

      Commercial building with three units, one occupied by Pizza Hut.
      1000 E Main St, Cherryville, NC 28021
      View Details
    • $1,200,000
      3,935 SF

      Retail Opportunity Near I-85

      3,935 SF convenience store with high visibility and strong sales.
      1410 E Church St, Cherryville, NC 28021
      View Details
    • $850,000
      4,800 SF

      Former Credit Union Office Building

      Brick building with flexible layout on 1.5 acres.
      416 S Main St, Cherryville, NC 28021
      View Details
    • $2,900,000
      65,000 SF

      Industrial Building in Cherryville, NC

      65,000 SF industrial building on 9.69 AC for sale.
      254 Tot Dellinger Rd, Cherryville, NC 28021
      View Details

    FAQs

    What type of property is this?
    Apartment building - Redevelopment opportunity near downtown Cherryville with strong local support.
    Where is this apartment building located?
    The property is located at 501 N Mountain St 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: - Redevelopment Opportunity: Approved RMF zoning ideal for apartments, townhomes, or mixed-use residential development.; - Size and Space: Over 152,000 square feet on a 4.97-acre lot.; - Strategic Location: Situated just 0.4 miles from Cherryville's developing downtown.
    (704) 477-9906
    Request Owner's contact information
    501 N Mountain St Cherryville, NC 28021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 N Mountain St
    Cherryville, NC 28021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 N Mountain St Cherryville, NC 28021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.