0 Highway 74 Monroe, NC 28110
This exceptional commercial land offering presents a unique investment opportunity in the thriving Union County, North Carolina market. Comprising two parcels totaling 8.278 acres, this property boasts a highly desirable location at the hard corner of Concord Highway and Ridge Road, complete with a traffic signal. The strategic positioning within the Unionville city limits ensures excellent visibility and accessibility. Parcel 1 encompasses 2 acres and is zoned Ra-40 (Union County), while Parcel 2 offers a substantial 6.278 acres zoned B-2 (Union County) and is suitable for subdivision. The property's proximity to US Highway 74 in Monroe, NC (just 2.5 miles away) provides convenient access to major transportation routes. Furthermore, the site benefits from its location directly across the street from a significant development project, "Elevate Rocky River," by Signature Property Group. This project includes 360 multifamily units currently under construction, with future plans for townhomes and retail spaces, promising substantial growth and increased property value in the surrounding area. The asking price for this exceptional commercial land is $4,770,000. This presents a compelling opportunity for developers and investors seeking a prime location with significant development potential in a rapidly expanding market.
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
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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.