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    1518 Concord Ave Monroe, NC 28110

    For Sale
    $112,000

    Prime 0.39-acre commercial lot, ideal for redevelopment.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This 0.39-acre commercial lot at 1518 Concord Avenue in Monroe, North Carolina, presents a compelling redevelopment opportunity. Previously utilized as a car dealership, the property offers significant potential for various commercial ventures. The site includes a small existing building/office space that could be repurposed or removed to suit a new development. The lot is entirely cleared and fenced, simplifying the development process. Public water and sewer services are readily available, enhancing the practicality of the site. The property's commercial zoning ensures flexibility in potential uses. This auction property offers a unique chance to acquire a well-located commercial parcel in a growing area. The auction concludes on February 13th at 4 PM. Please note that the listed price represents the starting bid and may not reflect the final sale price. This is a fantastic opportunity for investors and entrepreneurs seeking a strategic location for their next commercial project. The property's size and existing infrastructure make it an attractive option for a range of commercial uses. Don't miss this chance to secure a valuable piece of Monroe commercial real estate.

    Property Features for 1518 Concord Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,988 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.55411
    Latitude
    34.99752

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 0.39-acre commercial lot, ideal for redevelopment.
    Where is this commercial real estate located?
    The property is located at 1518 Concord Ave Monroe, NC.
    What is the asking price?
    The asking price for this property is $112,000.
    (540) 745-2005
    Request Owner's contact information
    1518 Concord Ave 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
    1518 Concord Ave Monroe, NC 28110
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