507 Roosevelt Blvd Monroe, NC 28112

OFF-MARKET

Land

4.4 ac lot

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This exceptional 4.4-acre commercial land parcel presents a significant investment opportunity in Monroe, North Carolina. Located at 507 E Roosevelt Blvd (Hwy 74), this property boasts a highly desirable General Business (GB) zoning designation, opening doors to a wide array of commercial development possibilities. The expansive lot size offers ample space for various projects, from retail establishments and restaurants to office buildings or light industrial uses. Its strategic location along Highway 74 ensures high visibility and convenient access for customers and employees. The property's APN is 09-156-027. Detailed environmental information is available upon request. Additionally, information regarding an existing billboard lease is also available upon request. A virtual tour is accessible online to allow for a comprehensive preview of the land's potential. This property is priced at $2,200,000 and represents a rare chance to acquire a substantial commercial land holding in a thriving North Carolina market. The property is situated in Union County, North Carolina, with a zip code of 28112. Coordinates are 34.9783565 latitude and -80.5214901 longitude.

Property type Land

Lot 4.4 ac (191,664 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

507 Roosevelt Blvd Monroe, NC 28112

Monroe metro

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6 recent transactions · within 1.5 mi

Comparable in this City

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Value Estimation by Request
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Value Estimation by Request
114.00 Acres

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Value Estimation
$315,000

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COMMERCIAL (GENERAL)

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Value Estimation
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COMMERCIAL (GENERAL)

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Value Estimation
$295,000

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2212 Lancaster Ave

COMMERCIAL (GENERAL)

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