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… Read More 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. Read Less
Courtesy of Keller Williams Ballantyne Area, Thomas Elrod, [email protected].
Listing Snapshot
Days Online
6
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
3,246
Lot Size
5.09 Acres
Year Built
1920
MLS Number
4378370
30 Days Snapshot Of 28112
$521k
+24%
(avg) sold price
43
+59%
homes sold
60
+27%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Oven"
Building
Finished Area Above Grade: 3246, Area: 3246, Architecture: "Bungalow", Building Area: 3246, Construction Materials: "Asbestos", Levels: "One and One Half", Year Built: 1920, Construction Type: Site Built
Based on information submitted to the MLS GRID as of . 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. Some IDX listings have been excluded from this website.
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