Prime development opportunity in the heart of Monroe! This expansive ±5.10-acre site, comprised of two contiguous parcels, offers a unique high-yield residential pivot. Zoned RLD (Residential Low Density) within the City of Monroe jurisdiction, the property is ideally positioned for a boutique residential cluster subdivision with a potential yield of 10-14 lots. Unlike many rural tracts, this site benefits from superior access to city water and sewer services. The property features a charming 3,218 sq. ft. home built in 1920, which can be reimagined as a central clubhouse, HOA amenity center, or administrative office to anchor your new development. Alternatively, the site is well-suited for institutional uses such as assisted living, daycare, or private educational facilities via a Special Use Permit (SUP) through the Board of Adjustment. With two manageable parcels (2.69 and 2.41 acres), investors can explore phased development or immediate resale of one half. Take advantage of this rare find in the Sunset/Franklin neighborhood where large, developable acreage within city limits is a finite resource. Don't miss the chance to bring modern infill density to a location that maintains its distinct neighborhood character.
| MLS # | 4378370 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 140 |
| Listing Provided By | Keller Williams Ballantyne Area | Thomas Elrod |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 3,246 |
| Story(s) | 1 |
| Zoning | AQ4 |
| Acreage | 5.09 |
| Cooling | Central Air |
|---|---|
| Heating | Forced Air, Natural Gas |
| Appliances | Oven |
| Construction Materials | Asbestos |
|---|---|
| Foundation Details | Crawl Space |
| Lot Features | Rolling Slope |
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
| Utilities | Electricity Connected, Natural Gas |
|---|
| List Aor | Canopy Realtor Association |
|---|
| Property | 495200 |
|---|
| State | NC |
|---|---|
| County | Union |
| City | Monroe |
| Zip Code | 28112 |
| Area | Union |
| School District | Monroe |
| Elementary School | East |
| High School | Monroe |
| Listing VS Median (in 28112) | |
Price: $450,000 low | high Med: $434,840 sqft: 3,246 low | high Med: 2,586 $ / sqft: $139 low | high Med: $168 On site: 140 low | high Med: 6 | |
| State | NC |
|---|---|
| County | Union |
| City | Monroe |
| Zip Code | 28112 |
| Area | Union |
| School District | Monroe |
| Elementary School | East |
| High School | Monroe |
| Listing VS Median (in 28112) | |
Price: $450,000 low | high Med: $434,840 sqft: 3,246 low | high Med: 2,586 $ / sqft: $139 low | high Med: $168 On site: 140 low | high Med: 6 | |