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    Lancaster Ave Monroe, NC 28112

    Sponsored
    For Sale
    $495,000

    2.6-Acre Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.6-acre commercial lot presents a remarkable development opportunity in Monroe, North Carolina. Located on Lancaster Avenue, near the intersection of MLK Jr. Boulevard, this property boasts a highly desirable location with excellent visibility and accessibility. The lot is zoned NB (Neighborhood Business), allowing for a variety of commercial uses, subject to local regulations. Utilities, including water and sewer, are readily available, simplifying the development process. The asking price for this strategically positioned land is $495,000, translating to approximately $190,385 per acre. Its proximity to an established Dollar General store further enhances its commercial appeal and potential for strong returns. The property's parcel number (APN) is 09327001U. This is an ideal site for entrepreneurs and developers seeking to establish a new business or expand existing operations in a thriving community. The property's size and zoning make it suitable for a range of commercial ventures, offering significant potential for growth and profitability. Detailed zoning information and development guidelines are available upon request. Don't miss this chance to acquire a prime commercial parcel in a rapidly growing area. Act quickly, as opportunities like this are rare.

    Property Features for 0 Lancaster Ave

    General Information

    Property type
    Land
    Lot Size
    113,256 SF

    HighLights

    • 2.6‑acre parcel
    • Neighborhood Business (NB) zoning
    • Water and sewer utilities available
    • Dollar General adjacency
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5661793
    Latitude
    34.9690877

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    FAQs

    What type of property is this?
    Land - 2.6-Acre Development Opportunity
    Where is this land located?
    The property is located at Lancaster Ave Monroe, NC.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 2.6-acre parcel; Neighborhood Business (NB) zoning; Water and sewer utilities available
    (704) 634-7429
    Request Owner's contact information
    Lancaster Ave Monroe, NC 28112
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    Monroe, NC 28112
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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
    Lancaster Ave Monroe, NC 28112
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