Historic Mill Redevelopment
501 N Mountain Street, Cherryville, NC 28021
152,000+- SF historic mill on 4.97 acres for sale.
Type:Industrial
Property size:
152,000 SFLot size:
4.97 AcresPrice / SF:
$11/SF- Added:
- Dec 1, 2024
- Days on Market:
- 533
- Last Refresh:
- Apr 1 at 8:32 pm
Property Features for 501 N Mountain Street
General Information
- Standard status
- Active
- Size
- 152,000 SF
- Lot size
- 4.97 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1900
Listing agent Highland Real Estate (704) 477-9906
Listing office (704) 477-9906
Listing date Dec 1, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Highland Real Estate
HighLights
- 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.
- Economic Growth Potential: Located in an area expected to experience significant economic growth due to a slated lithium mine.
- Strong support for repurposing the property from both the city of Cherryville and Gaston County.
- Retains original features like exposed brick, wooden beams, and high ceilings.
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Cherryville
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.3825812
- Latitude
- 35.3846862
Nearby Similar for Sale
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.
