5205 Highway 74 Monroe, NC 28110
- Commercial land
- 910 SF
- 1.25 lot acres
Current Use by Public Records
- Commercial land
Property Details for 5205 Highway 74
- Year built
- 1957
- Lot size
- 1.25 lot acres
- Property size
- 910 SF
- Zone code
- RBD INDIAN TRAIL
- Property type
- Commercial land
- APN
- 07-069-032
- APU
- 7069032
Description
This exceptional 1.25-acre commercial lot presents a remarkable development opportunity in Monroe, North Carolina. Strategically located on heavily trafficked West Highway 74, boasting over 50,000 vehicles daily, this property offers unparalleled visibility for any commercial venture. The lot features 113 feet of prime highway frontage, ensuring maximum exposure to potential customers. Zoned RBD (Regional Business District), this parcel is ready for immediate development. Conveniently situated, water and sewer are readily available on-site, streamlining the construction process and minimizing upfront costs. The asking price is $375,000, translating to a land value of $6.89 per square foot. This represents a compelling investment opportunity given the high traffic volume and desirable location. Furthermore, there's potential to expand your footprint by acquiring adjacent parcels, allowing for significant future growth and development. This property is ideal for a wide range of commercial uses, making it an attractive proposition for savvy investors and developers seeking a high-impact location in a thriving area. The property address is 5205 W Hwy 74, Monroe, NC 28110, within Union County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Union
- State
- North Carolina
- Longitude
- -80.6271
- Latitude
- 35.0553
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
