1116 Medlin Road, Monroe, NC 28112
- $549,900
- 4
- BD
- 2
- BA
- 3,246
- SqFt
- List Price
- $549,900
- MLS#
- 4378370
- Status
- ACTIVE
- Property Type
- Residential
- Architectural Style
- Bungalow
- Year Built
- 1920
- Days on Market
- 78
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Lot Size
- 221,720
- Lot Size Area
- 5.09
- Living Area
- 3,246
- Sq Ft Total
- 3246
- County
- Union
- Subdivision
- No Neighborhood
Property Description
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.
Additional Information
- Fireplace
- Yes
- Floor Coverings
- Carpet, Tile
- Equipment
- Oven
- Foundation
- Crawl Space
- Main Level Rooms
- Kitchen, Living Room, Primary Bedroom, Bedroom(s), Family Room, Bonus Room, Bathroom-Full, Bathroom-Full, Laundry
- Laundry Location
- Laundry Room, Main Level
- Heating
- Forced Air, Natural Gas
- Water
- Well
- Sewer
- Septic Installed
- Exterior Construction
- Asbestos
- Parking
- Driveway
- Driveway
- Dirt, Paved
- Lot Description
- Rolling Slope
- Elementary School
- East
- Middle School
- Monroe
- High School
- Monroe
- Zoning
- AQ4
- Special Conditions
- None
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Listing courtesy of Keller Williams Ballantyne Area. listings@hprea.com
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