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    OFF-MARKET
    Land

    507 Roosevelt Blvd, Monroe, NC 28112

    4.4 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4.4-acre commercial land parcel presents a significant investment opportunity in Monroe, North Carolina. Located at 507 E Roosevelt Blvd (Hwy 74), this property boasts a highly desirable General Business (GB) zoning designation, opening doors to a wide array of commercial development possibilities. The expansive lot size offers ample space for various projects, from retail establishments and restaurants to office buildings or light industrial uses. Its strategic location along Highway 74 ensures high visibility and convenient access for customers and employees. The property's APN is 09-156-027. Detailed environmental information is available upon request. Additionally, information regarding an existing billboard lease is also available upon request. A virtual tour is accessible online to allow for a comprehensive preview of the land's potential. This property is priced at $2,200,000 and represents a rare chance to acquire a substantial commercial land holding in a thriving North Carolina market. The property is situated in Union County, North Carolina, with a zip code of 28112. Coordinates are 34.9783565 latitude and -80.5214901 longitude.

    Property profile
    Verified
    Property type Land
    Lot 4.4 ac (191,664 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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