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    OFF-MARKET
    Land

    0 Lancaster Ave, Monroe, NC 28112

    2.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.6-acre commercial lot presents a remarkable development opportunity in Monroe, North Carolina. Located on Lancaster Avenue, near the intersection of MLK Jr. Boulevard, this property boasts a highly desirable location with excellent visibility and accessibility. The lot is zoned NB (Neighborhood Business), allowing for a variety of commercial uses, subject to local regulations. Utilities, including water and sewer, are readily available, simplifying the development process. The asking price for this strategically positioned land is $495,000, translating to approximately $190,385 per acre. Its proximity to an established Dollar General store further enhances its commercial appeal and potential for strong returns. The property's parcel number (APN) is 09327001U. This is an ideal site for entrepreneurs and developers seeking to establish a new business or expand existing operations in a thriving community. The property's size and zoning make it suitable for a range of commercial ventures, offering significant potential for growth and profitability. Detailed zoning information and development guidelines are available upon request. Don't miss this chance to acquire a prime commercial parcel in a rapidly growing area. Act quickly, as opportunities like this are rare.

    Property profile
    Verified
    Property type Land
    Lot 2.6 ac (113,256 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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