Property profile

0 Lancaster Ave Monroe, NC 28112

OFF-MARKET
Land
2.6 ac lot
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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

Location

Lancaster Ave Monroe, NC 28112
Monroe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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