501 N Mountain St Cherryville, NC 28021
Property profile & analytics
501 N Mountain St Cherryville, NC 28021
- Industrial properties
- 5,471 SF
- 5.95 lot acres
Property ID
US53-0641544
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Industrial properties
Property Details for 501 N Mountain St
- Year built
- 1900
- Lot size
- 5.95 lot acres
- Property size
- 5,471 SF
- Zone code
- INDS1
- Property type
- Industrial properties
- APN
- 128879
- APU
- 128879
Description
This exceptional 4.97-acre industrial property in Cherryville, NC, presents a unique redevelopment opportunity. The iconic Cherryville Mill boasts over 152,000 square feet of space, offering immense potential for conversion into apartments, townhomes, or a mixed-use residential development. The property features over 996 feet of road frontage and benefits from approved RMF zoning, streamlining the redevelopment process. The mill's original character is largely intact, showcasing exposed brick walls, substantial wooden beams, and impressive high ceilings – elements that would contribute significantly to the charm and appeal of any new project. Its strategic location, just 0.4 miles from Cherryville's burgeoning downtown area, places it at the heart of a rapidly growing community. Several major housing projects are currently underway in the immediate vicinity, underscoring the area's strong residential demand. Furthermore, Cherryville is poised for substantial economic expansion, fueled by a planned lithium mine anticipated to generate thousands of new jobs. Both the city of Cherryville and Gaston County have expressed enthusiastic support for the property's repurposing, indicating a collaborative and receptive environment for redevelopment. This property is ideally suited for a 1031 exchange, making it an attractive investment opportunity. Priced at $1,700,000.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cherryville
- County
- Gaston
- State
- North Carolina
- Longitude
- -81.3832
- Latitude
- 35.3849
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,576
$104,750
$134,030
$238,780
-
$0.00
$0.00
$0.00
