5201 Hwy 74 Hwy Monroe, NC 28110
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.