1116 Medlin Road, Monroe, NC 28112
Local realty services provided by:ERA Live Moore
Listed by: thomas elrod, alvaro aguilar
Office: keller williams ballantyne area
MLS#:4378370
Source:CH
Price summary
- Price:$549,900
- Price per sq. ft.:$169.41
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....
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Home facts
- Year built:1920
- Listing ID #:4378370
- Updated:July 09, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:4
- Full bathrooms:2
- Flooring:Carpet, Tile
- Kitchen Description:Oven
- Living area:3,246 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1920
- Building area:3,246 sq. ft.
- Lot area:5.09 Acres
- Lot Features:Rolling Slope
- Architectural Style:Bungalow
- Construction Materials:Asbestos
- Foundation Description:Crawl Space
Schools
- High school:Monroe
- Elementary school:East
Utilities
- Water:Well
- Sewer:Septic (At Site)
Finances and disclosures
- Price:$549,900
- Price per sq. ft.:$169.41
Features and amenities
- Laundry features:Laundry Room, Main Level
Parking
- Parking description:Driveway
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