2703 Rocky River Rd Monroe, NC 28110
For Sale
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This exceptional 1.34-acre parcel at 2703 Rocky River Road in Monroe, NC, presents a compelling investment opportunity. Ideally situated minutes from the Monroe Bypass and just 800 feet from Highway 74, this property boasts unparalleled access to major transportation arteries, ensuring convenient connectivity throughout the region. The site benefits from readily available city water, and sewer connection is obtainable through the City of Monroe upon request. Currently zoned CC-MX1, the land offers significant development potential. The zoning allows for eight units per acre by right, with the possibility of increasing density to ten units per acre subject to meeting specific conditions. This flexibility opens the door to a variety of development scenarios, making it suitable for a range of projects. The City of Monroe expresses a preference for multi-family developments, suggesting a strong potential for this type of project. Given its prime location, convenient access to major roadways, and flexible zoning, this property represents a rare chance to acquire a highly desirable development site in a thriving area. The asking price is $750,000. Serious inquiries are encouraged.
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Spence Electric Co Electrical Service General Contractor
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SBS Technologies Computer & Electronic Repair
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GB MONROE · Monroe, NCMonroe. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.