1600 Melrose Dr Shelby, NC 28152
- Commercial real estate
- 1,486 SF
- 4.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1600 Melrose Dr
- Lot size
- 4.00 lot acres
- Property size
- 1,486 SF
- Property type
- Commercial real estate
Description
This exceptional 3.92-acre commercial property, located at 1600 Melrose Drive in Shelby, NC, presents a remarkable investment opportunity. Situated on a prominent corner lot at the intersection of Melrose Drive and DeKalb Street, this property boasts significant frontage: 733.69 feet on DeKalb Street and 50.97 feet on Melrose Drive. Its strategic location directly across Melrose Drive from Shelby Middle School ensures high visibility and accessibility. Currently zoned CPD (Corridor Protection District) within Shelby city limits, this versatile parcel offers a wide range of development possibilities. All utilities are readily available on-site. The recorded deed includes a 15-foot perpetual non-exclusive driveway easement across an existing gravel drive for access to the adjacent property at the rear. The current zoning allows for multi-family development (including townhomes and condominiums), single-family development, and numerous commercial uses. A detailed redline boundary aerial map is available for review. Furthermore, the property is easily subdividable into two parcels: a 2.53-acre lot and a 1.39-acre lot, with potential individual sale prices of $295,000 and $114,000 respectively. This prime location and flexible zoning make this property ideal for a variety of commercial or residential projects. Don't miss this chance to acquire a highly desirable corner lot in a thriving Shelby community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.5527
- Latitude
- 35.2638
