1116 Medlin Road
Monroe, NC 28112
$549,900
- TypeSingle Family
- Built1920
- $ / sq ft$169
- On site6 days on site
ZGBT Home Insights
Listed by: Thomas Elrod · Keller Williams Ballantyne Area
Source: Canopy MLS as distributed by MLS GRID · MLS#: CAR4378370
Quick facts
- Property type
- Single Family Residence
- Year built
- 1920
- Heating
- Forced Air, Natural Gas
- Cooling
- Central Air
- Water
- Well
- Sewer
- Septic Installed
- Parking
- Driveway
- Lot size
- 5.09 acres
About this home
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.
Facts & features
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Home Details
- Year Built
- 1920
- Lot Size
- 5.09 acres
- Parking
- Driveway
- Levels
- One and One Half
- Property Subtype
- Single Family Residence
Interior
- Heating
- Forced Air
- Natural Gas
- Cooling
- Central Air
- Flooring
- Carpet
- Tile
- Appliances
- Oven
Exterior & Construction
- Construction Materials
- Asbestos
- Water Source
- Well
- Sewer
- Septic Installed
HOA & Taxes
- Tax Assessed Value
- $495,200
Price history
| Date | Event | Price |
|---|---|---|
| Listed | $549,900 |
Location
1116 Medlin Road, Monroe, NC 28112
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