5201 Hwy 74 Hwy Monroe, NC 28110
- Commercial real estate
- 2.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5201 Hwy 74 Hwy
- Year built
- 1975
- Lot size
- 2.50 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Union
- State
- North Carolina
- Longitude
- -80.6264
- Latitude
- 35.055
