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    2703 Rocky River Rd Monroe, NC 28110

    Sponsored
    For Sale
    $750,000

    1.34 Acres, Hwy 74 Proximity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.34-acre parcel at 2703 Rocky River Road in Monroe, NC, presents a compelling investment opportunity. Ideally situated minutes from the Monroe Bypass and just 800 feet from Highway 74, this property boasts unparalleled access to major transportation arteries, ensuring convenient connectivity throughout the region. The site benefits from readily available city water, and sewer connection is obtainable through the City of Monroe upon request. Currently zoned CC-MX1, the land offers significant development potential. The zoning allows for eight units per acre by right, with the possibility of increasing density to ten units per acre subject to meeting specific conditions. This flexibility opens the door to a variety of development scenarios, making it suitable for a range of projects. The City of Monroe expresses a preference for multi-family developments, suggesting a strong potential for this type of project. Given its prime location, convenient access to major roadways, and flexible zoning, this property represents a rare chance to acquire a highly desirable development site in a thriving area. The asking price is $750,000. Serious inquiries are encouraged.

    Property Features for 2703 Rocky River Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    58,370 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Spence Electric Co Electrician SBS Technologies Computer Repair Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.60142
    Latitude
    35.04015

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    FAQs

    What type of property is this?
    Commercial real estate - 1.34 Acres, Hwy 74 Proximity
    Where is this commercial real estate located?
    The property is located at 2703 Rocky River Rd Monroe, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    (704) 684-1000
    Request Owner's contact information
    2703 Rocky River Rd Monroe, NC 28110
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    Monroe, NC 28110
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    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
    2703 Rocky River Rd Monroe, NC 28110
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