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    5205 Hwy 74 Hwy Monroe, NC 28110

    Sponsored
    For Sale
    $375,000

    High-traffic location, excellent visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1.25-acre commercial development site boasts unparalleled visibility and accessibility on Highway 74 in Monroe, North Carolina. Positioned directly across from established Ford and Kia dealerships, this property benefits from exceptionally high traffic counts, ensuring maximum exposure for any commercial venture. The site offers 113 feet of prime road frontage, providing ample space for development and convenient access. Its strategic location along one of the area's busiest thoroughfares guarantees significant foot and vehicle traffic, making it an ideal location for a wide range of commercial uses. The property's size and location present a unique opportunity for businesses seeking high visibility and convenient access to a large customer base. This is a rare chance to establish a presence in a thriving commercial area with strong existing infrastructure and high consumer traffic. The property is ready for development, offering a blank canvas for a business to create a significant presence in a high-demand location. This prime commercial land presents a compelling investment opportunity for those seeking a high-traffic, high-visibility location in a rapidly growing area. The potential for success is undeniable, given the property's strategic placement and the high volume of traffic passing by daily.

    Property Features for 5205 Hwy 74 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    54,450 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.62687
    Latitude
    35.05553

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, excellent visibility.
    Where is this commercial real estate located?
    The property is located at 5205 Hwy 74 Hwy Monroe, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    (704) 634-7429
    Request Owner's contact information
    5205 Hwy 74 Hwy 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
    5205 Hwy 74 Hwy Monroe, NC 28110
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