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Property profile & analytics
OFF-MARKET
Commercial real estate

5201 Hwy 74 Hwy Monroe, NC 28110

2.5 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional 2.5-acre commercial property, located at 5201 W Highway 74 in Monroe, NC, presents a unique investment opportunity. The site boasts significant frontage on Highway 74, a major thoroughfare with a daily traffic count of 55,500 vehicles, ensuring high visibility and accessibility. Currently featuring four existing structures totaling 6,269 square feet, the property is zoned Regional Business District (RBD), allowing for a wide range of potential uses including office, retail, and other RBD-permitted developments. The property's location in Union County offers a distinct advantage: it is situated in an area without water capacity limitations, opening up possibilities for significant expansion and future development. This characteristic makes it particularly attractive for businesses requiring substantial space or growth potential. The seller is open to considering all offers, including 1031 tax exchange transactions, and owner financing may be available. This presents a compelling investment opportunity with substantial upside potential, given the high traffic count, flexible zoning, and expansion possibilities. The property's strategic location and zoning make it an ideal candidate for redevelopment or repurposing to meet a variety of commercial needs. Don't miss this chance to acquire a prime commercial property in a thriving location.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Lot 2.5 ac (108,900 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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