1116 Medlin Road
Monroe, NC
$549,900
Status: Active
Beds: 4
Full Baths: 2
Sq ft: 3246
Sub Division: None
Elementary School: East
Middle School: Monroe
High School: Monroe
Year Built: 1920
Acerage: 5.09 Acres
MLS #: 4378370
Status: Active
Details & Amenities
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.
Property Type:
Residential
Map
This property is a listing of Keller Williams Ballantyne Area.Listings courtesy of Canopy MLS as distributed by MLS GRID.
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