5112 W Highway 74
Specialty auto dealership property on 2.53 acres in Monroe, North Carolina, offered at $5,200,000 with an 8.65% cap rate ($450,000 NOI). The 15,200 SF single-story building, constructed in 2006, features premium interior finishes and is available with flexible terms: leaseback arrangement or vacant delivery for immediate occupancy by a new operator.
The site commands 263 feet of road frontage along Highway 74, a highly traveled commercial corridor, with 189 parking spaces (10 per 1,000 SF leased) across approximately 2 acres of paved surface—ideal for vehicle display, customer parking, and inventory storage. The property is zoned AQ7 and benefits from excellent accessibility and visibility. Location amenities include public transportation, bus lines, and airport access.
- 263 feet of premium road frontage on Highway 74
- 15,200 SF building on 2.53 acres with 189 parking spaces
- Flexible sale structure: leaseback or vacant delivery available
- 8.65% cap rate, $450,000 NOI
- Suitable for auto dealership, automotive service, or mixed commercial use
More property details
Features & amenities
Location
This exceptional commercial property features approximately 2 acres of paved parking, providing ample space for vehicle display, customer parking, and inventory storage. Offered for sale with the option of a leaseback or delivery as a vacant property ready for immediate occupancy, it provides flexibility for both investors and owner-users. The site boasts an impressive 263 feet of road frontage, offering outstanding visibility and exposure along a highly traveled corridor. A premium interior build-out, combined with excellent accessibility, makes the property well suited for auto dealerships, automotive service businesses, or a variety of other commercial uses. With some of the best road frontage in the area, this property presents a rare opportunity to establish a strong business presence in a highly visible location.