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Property profile & analytics
OFF-MARKET
Land

3620 Matthews-Mint Hl Rd Matthews, NC 28105

Property ID
Property summary
AI-generated overview

This exceptional 2.2-acre commercial land parcel in Matthews, North Carolina, presents a unique investment opportunity. Located at 3620 Matthews-Mint Hill Rd, 28105, the property boasts significant frontage on a major thoroughfare. Currently zoned BG(CD), with the zoning having expired, the property includes an existing home. This presents a flexible development scenario. A potential strategy involves subdividing the land, retaining approximately one acre with the existing home for residential use, and developing the remaining approximately one acre for commercial purposes. The Town of Matthews has expressed support for rezoning the property to a similar use, making this a promising venture. The asking price for this prime location is $1,200,000. Serious inquiries are encouraged to explore the possibilities of this versatile property and its potential for significant return on investment. Further details are available upon request. This property is situated in Mecklenburg County and offers excellent access to key transportation routes. The existing home provides immediate income potential or a valuable asset during the rezoning process. Don't miss this chance to acquire a strategically located parcel with substantial upside.

Property profile
Verified
Property type Land
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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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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