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    5205 Highway 74 Monroe, NC 28110

    Sponsored
    For Sale
    $375,000

    1.25 Acres, High Visibility, Monroe, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1.25-acre commercial lot presents a remarkable development opportunity in Monroe, North Carolina. Strategically located on heavily trafficked West Highway 74, boasting over 50,000 vehicles daily, this property offers unparalleled visibility for any commercial venture. The lot features 113 feet of prime highway frontage, ensuring maximum exposure to potential customers. Zoned RBD (Regional Business District), this parcel is ready for immediate development. Conveniently situated, water and sewer are readily available on-site, streamlining the construction process and minimizing upfront costs. The asking price is $375,000, translating to a land value of $6.89 per square foot. This represents a compelling investment opportunity given the high traffic volume and desirable location. Furthermore, there's potential to expand your footprint by acquiring adjacent parcels, allowing for significant future growth and development. This property is ideal for a wide range of commercial uses, making it an attractive proposition for savvy investors and developers seeking a high-impact location in a thriving area. The property address is 5205 W Hwy 74, Monroe, NC 28110, within Union County.

    Property Features for 5205 Highway 74

    General Information

    Property type
    Land
    Lot Size
    54,450 SF

    HighLights

    • High‑visibility 1.25‑acre commercial lot on heavily trafficked Hwy 74 (50,000+ VPD).
    • 113 feet of highway frontage.
    • Water and sewer available on‑site.
    • Potential for expansion via adjacent parcel acquisition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.626903
    Latitude
    35.0555389

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    FAQs

    What type of property is this?
    Land - 1.25 Acres, High Visibility, Monroe, NC
    Where is this land located?
    The property is located at 5205 Highway 74 Monroe, NC.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: High-visibility 1.25-acre commercial lot on heavily trafficked Hwy 74 (50,000+ VPD).; 113 feet of highway frontage.; Water and sewer available on-site.
    (704) 634-7429
    Request Owner's contact information
    5205 Highway 74 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 Highway 74 Monroe, NC 28110
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