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Property profile & analytics
OFF-MARKET
Land

132 Stallings Road Ext Matthews, NC 28104

3.45 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.45-acre commercial land parcel presents a remarkable development opportunity in the thriving town of Matthews, North Carolina. Located at 132 Stallings Road, this property boasts over 400 feet of frontage on Stallings Road, ensuring high visibility and accessibility. The site is zoned TC (Town Center), allowing for a variety of mixed-use developments, as defined by the land use plan as Mixed-Use Class 1 (Residential/Office). Its strategic location within both the Downtown Overlay District and Monroe Road Corridor Overlay District offers significant advantages for developers. The property benefits from convenient access to major transportation arteries, including I-485 and Highway 74, both less than 1.5 miles away. Water and sewer services are readily available, simplifying the development process. The high traffic count makes this location ideal for retail development, and there's potential for assemblage with adjacent properties to create an even larger development footprint. This is a rare opportunity to acquire a prime commercial lot in a rapidly growing area, offering significant potential for substantial return on investment. The asking price for this exceptional property is $1,400,000. The property's 28104 zip code and Union County location further enhance its appeal.

Property profile
Verified
Property type Land
Lot 3.45 ac (150,282 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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