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0 Hwy 74 Highway

Monroe, NC 28110
  • $2,999,000
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: 4014671
Price Reduced
UPDATED: 18 min ago
$2,999,000
  • 0
    BEDS
  • 2.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1968
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Moser Group, Inc., The: 704-882-1700. Copyright 2023 Canopy MLS. All rights reserved.

Description

Opportunity Zone located at corner Hwy 74 & Hwy 601 with road frontage to both. Potential sale leaseback opportunity w/current owner Wingate University for up to 3 years. Walking distance to retail, restaurants, Monroe Country Club Golf Course/Driving Range. Excess Out Parcel approved for Convenience Store on Hwy 601 included. Close to Atrium Regional Hospital. Could be converted to conventional hotel. Currently, all utilities available to site & used for graduate student living. 2018 total renovation includes NEW roof, room windows to tempered glass, PTAC HVAC units in rooms, hot water heaters, plumbing & lighting fixtures, interior & exterior paint, sprinkler system w/monitored alarm. Repaired exterior pool to operational. Repaved & striped new parking blocks, new fence around entire guest section w/automatic gate. Renovated lobby for student study areas, renovated 4 laundry rooms & 4 kitchens for community use on each floor. 56 total rooms (4 were converted to kitchens)

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MLS Grid logo Based on information submitted to the MLS GRID as of 2023-06-06T14:33:32.327 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carver Pressley, REALTORS® nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.

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0 Hwy 74 Highway Monroe, NC 28110

  • Price: $2,999,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 18 min ago
  • ID#: 4014671
0
Beds
0
Baths
0
½ Baths
2.76
Acres
1968
Built
County:
Union
Area:
Monroe
Property Description
Opportunity Zone located at corner Hwy 74 & Hwy 601 with road frontage to both. Potential sale leaseback opportunity w/current owner Wingate University for up to 3 years. Walking distance to retail, restaurants, Monroe Country Club Golf Course/Driving Range. Excess Out Parcel approved for Convenience Store on Hwy 601 included. Close to Atrium Regional Hospital. Could be converted to conventional hotel. Currently, all utilities available to site & used for graduate student living. 2018 total renovation includes NEW roof, room windows to tempered glass, PTAC HVAC units in rooms, hot water heaters, plumbing & lighting fixtures, interior & exterior paint, sprinkler system w/monitored alarm. Repaired exterior pool to operational. Repaved & striped new parking blocks, new fence around entire guest section w/automatic gate. Renovated lobby for student study areas, renovated 4 laundry rooms & 4 kitchens for community use on each floor. 56 total rooms (4 were converted to kitchens)
Exterior Features

Carport YN No Road Responsibility Publicly Maintained Road

Property Features

CCRSubject To No City Taxes Paid To Monroe Hoa Subject To None Inclusions BuildingLand Inside City YN Yes Lease Considered YN No New Construction YN No Property Sub Type Hotel/Motel Restrictions N/A Restrictions Description N/A Senior Community YN No Special Listing Conditions None



MLS Grid logo Based on information submitted to the MLS GRID as of 2023-06-06T14:33:32.327 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carver Pressley, REALTORS® nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.

Digital Millennium Copyright Act
 
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Carver Pressley, REALTORS®
2459 Wilkinson Blvd, Suite 100
Charlotte NC, 28208
Canopy MLS logo Offered by Moser Group, Inc., The: 704-882-1700. Copyright 2023 Canopy MLS. All rights reserved.