Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Highway 74 Monroe, NC 28110

    Sponsored
    For Sale
    $4,770,000

    Prime Union County commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a unique investment opportunity in the thriving Union County, North Carolina market. Comprising two parcels totaling 8.278 acres, this property boasts a highly desirable location at the hard corner of Concord Highway and Ridge Road, complete with a traffic signal. The strategic positioning within the Unionville city limits ensures excellent visibility and accessibility. Parcel 1 encompasses 2 acres and is zoned Ra-40 (Union County), while Parcel 2 offers a substantial 6.278 acres zoned B-2 (Union County) and is suitable for subdivision. The property's proximity to US Highway 74 in Monroe, NC (just 2.5 miles away) provides convenient access to major transportation routes. Furthermore, the site benefits from its location directly across the street from a significant development project, "Elevate Rocky River," by Signature Property Group. This project includes 360 multifamily units currently under construction, with future plans for townhomes and retail spaces, promising substantial growth and increased property value in the surrounding area. The asking price for this exceptional commercial land is $4,770,000. This presents a compelling opportunity for developers and investors seeking a prime location with significant development potential in a rapidly expanding market.

    Property Features for 0 Highway 74

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Two parcels totaling 8.278 acres available.
    • Parcel 1: 2 acres, Ra‑40 zoning (Union County).
    • Parcel 2: 6.278 acres, B‑2 zoning (Union County), subdividable.
    • High‑visibility hard corner lot at Concord Hwy & Ridge Rd, Unionville, NC, with traffic signal.
    • 2.5 miles from US Hwy 74 in Monroe, NC.
    • Across from "Elevate Rocky River" development (360+ multifamily units under construction, future townhomes & retail planned).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.6300657
    Latitude
    35.05866

    Nearby Similar for Sale

    • $750,000
      6.36 Acres

      Equestrian Property in Wesley Chapel

      6.3+ acre horse property near shopping and dining.
      205 Airport Rd, Monroe, NC 28110
      View Details
    • $615,000
      2.58 Acres

      Monroe Commercial Opportunity Near Downtown

      2.58-acre property with updated historic building near downtown Monroe.
      907 N Charlotte Ave, Monroe, NC 28110
      View Details
    • $795,000
      30.00 Acres

      Monroe Land with Airplane Hangar

      30+/- acres with airplane hangar near Downtown Monroe, NC.
      30+/- Ac Macedonia Church Rd, Monroe, NC 28112
      View Details
    • $2,300,000
      5.17 Acres

      Downtown Investment Opportunity in Monroe

      Unique downtown property with potential for various uses.
      601 N Charlotte Ave, Monroe, NC 28110
      View Details
    • $3,050,000
      18,000 SF

      Functional Industrial Facility For Sale

      18,000 SF facility ideal for owner-users or investors.
      3213 Westwood Industrial Dr, Monroe, NC 28110
      View Details
    • $4,950,000

      Monroe Warehouse Property For Sale

      64,544 SF warehouse on 13.13 acres in Monroe, NC.
      2803 Bravo Pl, Monroe, NC 28110
      View Details
    • Contact for pricing
      87 SF

      Food Processing & Cold Storage Facility

      87,500 SF USDA-inspected food processing and cold storage facility.
      2701 Simpson St, Monroe, NC 28112
      View Details
    • $5,900,000
      54,800 SF

      Monroe Manufacturing/Warehouse Opportunity

      Two buildings on 4.71 acres in a growing industrial area.
      2812 Chamber Dr, Monroe, NC 28110
      View Details
    • $949,000

      Historic Commercial Residence in Monroe

      Historic residence in downtown Monroe, zoned commercial, with unique architectural details.
      301 Windsor St, Monroe, NC 28112
      View Details
    • $250,000
      1,280 SF

      All Brick Townhome with Upgrades

      Spacious townhome with open floor plan, upgraded kitchen, and private patio.
      1205 Skywatch Ln, Monroe, NC 28112
      View Details
    • $600,000

      Monroe Office/Medical Building For Sale

      Two-story office/medical building in Monroe's medical and professional district.
      315 S Sutherland Ave, Monroe, NC 28112
      View Details
    • $349,999
      2,159 SF

      Modern Townhome with Open Layout

      3 bed, 2.5 bath townhome with modern design and updates.
      4822 Tradd Cir, Monroe, NC 28110
      View Details

    FAQs

    What type of property is this?
    Land - Prime Union County commercial land, ideal for development.
    Where is this land located?
    The property is located at Highway 74 Monroe, NC.
    What is the asking price?
    The asking price for this property is $4,770,000.
    What are key features of this property?
    This property features: Two parcels totaling 8.278 acres available.; Parcel 1: 2 acres, Ra-40 zoning (Union County).; Parcel 2: 6.278 acres, B-2 zoning (Union County), subdividable.
    (704) 619-7108
    Request Owner's contact information
    Highway 74 Monroe, NC 28110
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Highway 74
    Monroe, NC 28110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Highway 74 Monroe, NC 28110
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.