1912 Stafford Street Ext Monroe, NC 28110
- Commercial real estate
- 57.35 lot acres
Current Use by Public Records
- FedEx Ground / Warehouse
Property Details for 1912 Stafford Street Ext
- Lot size
- 57.35 lot acres
- Property type
- Commercial real estate
- APN
- 09-180-004K
- APU
- 09180004K
Description
This exceptional 55.96-acre site in Monroe, North Carolina, presents a compelling opportunity for industrial development. Zoned General Industrial (GI), this property offers significant potential for manufacturing, distribution, or data center projects. With the capacity to accommodate approximately 681,500 square feet of building space, the site boasts ample trailer and employee parking. The property features a 190-foot-deep truck court, ensuring efficient logistics. Utilities are readily available, including approximately 12 megawatts of power, an 8-inch water line, and a 6-inch sanitary line. Its strategic location provides easy access to major transportation arteries, situated just 1.7 miles from Highway 74 Bypass and 13.5 miles from I-485. Benefit from a strong local workforce of approximately 801,957 individuals within a 25-mile radius. Furthermore, state and local incentives are available for qualifying projects within Union County, making this a highly attractive investment opportunity. The property's size and infrastructure make it ideal for large-scale industrial operations. This is a rare opportunity to acquire a substantial industrial land parcel in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,115,000
- 6.5%
- $3,095,000
- 7%
- $3,620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,035,000
- Geo Method
- $3,335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,320,000
- Retail
- $3,530,000
- Mixed-Use
- $2,885,000
- Hospitality
- $3,335,000
- Educational
- $3,050,000
- Residential Income
- $3,590,000
- Energy
- $3,345,000
- Income-Based Land
- $3,650,000
- Food Service
- $3,465,000
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Union
- State
- North Carolina
- Longitude
- -80.5328
- Latitude
- 35.0025
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA