501 N Mountain Street, Cherryville, NC 28021

Building Details

Year Built

1900

Listing office Highland Real Estate h***@gmail.com Show Phone

Listing date Apr 23, 2024

Source Xome

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Overview

The historic Cherryville Mill offers over 152,000+- square feet of space on a 4.97-acre lot with over 996 feet of road frontage. The property is zoned RMF and presents an exciting opportunity for redevelopment into apartments, townhomes, or mixed-use residential space. It would make an excellent subject for a 1031 exchange. Both the city of Cherryville and Gaston County are eager to see this property repurposed and have voiced strong support for redevelopment. The mill retains much of its original character, with exposed brick walls, large wooden beams, and soaring ceilings that would add character and appeal to any redevelopment project. Its strategic location is just 0.4 miles from the developing downtown of Cherryville, placing it at the center of a thriving area with several major housing projects underway. Cherryville is set to experience significant economic growth, partly driven by a slated lithium mine expected to create thousands of new jobs.

Suggested Use

Law Firm Kitchen & Bath Showroom Department Store Hotel & Motel Food Market Grocery & Convenience Store Computer & Electronic Repair Dental Office Gym & Fitness Center Electronics & Wireless Store

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

Location Insight

• Map
• Local Demand

City

Cherryville

County

Gaston

State

North Carolina

Longitude

-81.3825812

Latitude

35.3846862

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FAQs

What type of property is this?

Mixed-use property - 152,000+- SF historic mill on 4.97 acres for sale.

Where is this mixed-use 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: Redevelopment Opportunity: Approved RMF zoning allows for apartments, townhomes, or mixed‑use residential development.; Size and Land: Over 152,000 sq ft of space on a 4.97‑acre lot with 996 ft of road frontage.; Prime Location: Situated 0.4 miles from Cherryville's developing downtown area.