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    1009 Austin Chaney Rd Wingate, NC 28174

    For Sale
    $875,000

    Prime residential development opportunity near Monroe Bypass.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 5-acre parcel, located at 1009 Austin Chaney Rd, Wingate, NC 28174 (APN 09-015-013-B), presents a compelling development opportunity. Zoned RA-20 WING, this property is ideally situated at the intersection of the Monroe Bypass and Austin Chaney Road, offering excellent visibility and accessibility. The asking price is $875,000. The land is classified as residential and presents itself as a single-family or mixed-use development site. A significant advantage is the availability of water and the proximity to sewer lines, simplifying infrastructure development. Furthermore, approximately 80 additional acres of adjacent land are also available for purchase, presenting a unique opportunity for large-scale development. This location in Union County, North Carolina offers a strong potential for growth and return on investment. The property's strategic location and the potential for expansion make this a highly attractive proposition for developers seeking a prime residential development site in a rapidly growing area. Don't miss this chance to acquire a substantial parcel of land with significant development potential.

    Property Features for 1009 Austin Chaney Rd

    General Information

    Property type
    Land
    Lot Size
    217,800 SF

    HighLights

    • Single‑family or mixed‑use development potential.
    • Water and sewer utilities available nearby.
    • Adjacent 80‑acre parcel also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Clothing Store Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wingate
    County
    Union
    State
    North Carolina
    Longitude
    -80.4521433
    Latitude
    35.0017707

    Nearby Comparable

    • $875,000
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      Wingate Development Land - 5 Acres

      Prime Wingate location, near university. Excellent development potential.
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    • $4,041,750
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      Wingate Commercial Land Development

      Prime 27-Acre Development Site near Wingate University
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      Wingate Development Opportunity

      Land available near Monroe Bypass and Austin Chaney intersection.
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    • $409,000

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      1.91 acres with highway frontage and development potential.
      4602 Hwy 74 Hwy, Wingate, NC 28174
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    • $500,000

      Highway 74 Commercial Property

      Commercial property on Highway 74 near Wingate University.
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    • $590,000

      Land with Leased Duplex

      Land with duplex, fully leased, near Old Monroe Marshville Road.
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    Nearby Similar for Sale

    • $4,041,750
      26.94 Acres

      Wingate Commercial Land Development

      Prime 27-Acre Development Site near Wingate University
      925 Julia May Baker Rd, Wingate, NC 28174
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    • $875,000
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      Wingate Development Land - 5 Acres

      Prime Wingate location, near university. Excellent development potential.
      1009 Austin Chaney Rd, Wingate, NC 28174
      View Details

    FAQs

    What type of property is this?
    Land - Prime residential development opportunity near Monroe Bypass.
    Where is this land located?
    The property is located at 1009 Austin Chaney Rd Wingate, NC.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Single-family or mixed-use development potential.; Water and sewer utilities available nearby.; Adjacent 80-acre parcel also available.
    (704) 634-7429
    Request Owner's contact information
    1009 Austin Chaney Rd Wingate, NC 28174
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    Wingate, NC 28174
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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
    1009 Austin Chaney Rd Wingate, NC 28174
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