2708 Morgan Mill Rd Monroe, NC 28110
- Land
- 12.76 lot acres
Current Use by Public Records
- Land
Property Details for 2708 Morgan Mill Rd
- Lot size
- 12.76 lot acres
- Property type
- Land
Description
This exceptional 12.76-acre parcel presents a remarkable investment opportunity in Monroe, North Carolina. Strategically located near the Highway 74 Bypass, this property boasts a prime location with high visibility and convenient access. The land is designated as an Opportunity Zone, offering significant tax advantages for qualified investors. The property's APN is 09140024, and it's zoned CC-MX2 by the City of Monroe, allowing for a diverse range of development possibilities. Proposed uses include single-family townhomes, multifamily residential projects, and various commercial ventures. Commercial options could encompass general retail spaces up to 100,000 square feet, drive-through restaurants, convenience stores, and car washes. This versatile property offers substantial potential for developers seeking a high-impact project in a rapidly growing area. The expansive lot size provides ample space for a large-scale development, catering to a variety of needs and market demands. Its proximity to major transportation routes ensures excellent accessibility for residents and customers alike. This is a rare opportunity to acquire a significant land holding in a thriving location with considerable upside potential. The combination of its Opportunity Zone status and flexible zoning makes this property an attractive investment for both residential and commercial developers.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Union
- State
- North Carolina
- Longitude
- -80.5112
- Latitude
- 35.0119
