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    1506 Morgan Mill Rd Monroe, NC 28110

    Sponsored
    For Lease
    Contact for pricing

    1.21-Acre Lot, Hwy 74 Access

    Lot size:
    52,708 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.21-acre commercial lot presents a unique opportunity in Monroe, North Carolina. Ideally situated just off Highway 74, this property offers convenient access to the Monroe Bypass, ensuring high visibility and easy accessibility for businesses. The lot is zoned GB - General Business, providing flexibility for a wide range of commercial developments. The previous building has been demolished, leaving a clean slate for new construction. The parcel number is 9188093. This single-tenant site is perfect for build-to-suit (BTS) projects or ground lease opportunities. Its location near the Monroe Bypass provides excellent connectivity to the surrounding area, making it an attractive option for businesses seeking high traffic exposure. The property's 1.21-acre size offers ample space for development, allowing for substantial building footprints and ample parking. This is a rare chance to acquire a well-located commercial lot in a thriving area of Monroe, ready for immediate development. The General Business zoning allows for a variety of uses, making it a versatile investment opportunity. Serious inquiries are encouraged to explore the potential of this prime commercial land. The property is located at 1506 Morgan Mill Rd, Monroe, NC 28110.

    Property Features for 1506 Morgan Mill Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    52,708 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    52,708 SF

    HighLights

    • 1.21‑acre commercial lot in Monroe, NC, zoned GB (General Business).
    • High‑visibility location off Highway 74, near the Monroe Bypass.
    • Cleared lot, ready for immediate development; previous building demolished.
    • Parcel number 9188093, located at 1506 Morgan Mill Rd, Monroe, NC 28110.
    • Ideal for build‑to‑suit (BTS) projects or ground leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5294982
    Latitude
    34.9887076

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    FAQs

    What type of property is this?
    Land - 1.21-Acre Lot, Hwy 74 Access
    Where is this land located?
    The property is located at 1506 Morgan Mill Rd Monroe, NC.
    What are key features of this property?
    This property features: 1.21-acre commercial lot in Monroe, NC, zoned GB (General Business).; High-visibility location off Highway 74, near the Monroe Bypass.; Cleared lot, ready for immediate development; previous building demolished.
    Request Owner's contact information
    1506 Morgan Mill Rd 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
    1506 Morgan Mill Rd Monroe, NC 28110
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