Property profile

2190 Memorial Hwy Union Grove, NC 28689

OFF-MARKET
Other specialty properties
Property ID
US53-1210466
4.65 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

The property consists of a 4.65-acre rectangular parcel of gently sloping land located in the northern part of Iredell County. Access is provided through a locked gate via a strip of land connecting to Memorial Highway. The site was formerly the Union Grove Recreation Club and includes an in-ground swimming pool with pool equipment that is reported to be functional but has not been used recently; the pool surface requires resurfacing, and the surrounding concrete surfacing needs replacement. There is also a smaller children’s pool. The pool area is fenced and includes a second locked gate. A long, low concrete block building on site contains separate men’s and women’s bathrooms/changing rooms, a pool equipment room, and a general room that opens to a covered porch area with a service window; the building appears to be in generally good condition and is suited for renovation. Utilities include county water and on-site electricity (currently disconnected). A septic system is present, with a septic permit copy available.

Property profile

Verified
Property type Other specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Lot 4.65 ac (202,554 SF)
Zoning code R20
APN 4843-35-3873.000
UPID US53-1210466

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Recreation Center

Location

2190 Memorial Hwy Union Grove, NC 28689
Union Grove metro Census 60901 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2025
Last sale
$120,000
1 recorded transaction
2025
$120,000

Zoning & alternative use

R20 · Union Grove, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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