Property Description

Rare opportunity to acquire a highly visible 18.63+/- acre commercial and industrial property in the growing Wingate market. Featuring a 14,000+/- square foot building, approximately 1,600 feet of frontage along Highway 74. CSX Railway at the back of the property. Zoned Highway Corridor (Town of Wingate) with light industrial uses permitted, the property presents a variety of possible development opportunities. Its strategic location along a major transportation corridor positions the property to benefit from continued growth and development. Infrastructure options further enhance the property's development appeal. The site is currently served by septic, with sewer reportedly available across Highway 74 through Union County. Natural gas is available through the City of Monroe, and water is provided by Marshville. An existing crop lease currently helps offset ownership expenses, with the agricultural lease paying property taxes. The lease operates on a month-to-month basis, and any planted crops retain a one-year harvest right following closing. There is an adjacent property featuring a 5,292+/- square foot custom brick residence with 21.47+/- acres. Together, the two parcels create an approximately 40+/- acre assemblage with outstanding potential for a mixed-use development. The combined offering is available for $5,250,000. Lot lines are estimates.

Property Features