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198 N M L King Jr Blvd - Residences @ Starlite - Mixed-Use Development 13.5 Acres of Commercial Land Offered at $4,838,750 CAD in Monroe, NC 28110

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INVESTMENT HIGHLIGHTS

  • Iconic Corner Location: Commanding presence at the signalized intersection of Hwy 84 (Weddington Rd) & Hwy 200 (MLK Blvd)
  • Top Schools Nearby: Directly across from Union Academy Charter School and 3 miles from Central Academy of Technology & Arts (CATA)
  • Fully Entitled & Shovel-Ready: Rezoned with sewer capacity already reserved, eliminating delays and ensuring a fast-track development timeline.

EXECUTIVE SUMMARY

Property Highlights:
Gateway Mixed-Use Development Opportunity — 22 Acres at Hwy 84 & Hwy 200, Monroe NC
Prime Location:
High-visibility corner at Hwy 84 (Weddington Rd) & Hwy 200 (MLK Blvd) — gateway into vibrant Downtown Monroe.
Shovel-Ready:
Fully entitled, rezoned, and sewer capacity reserved — ready for immediate development.
Mixed-Use Masterplan:
Approved for apartments, condos, townhomes, and retail to meet strong local demand.
Proximity to Key Amenities:
Across from Union Academy Charter School.
3 miles to Central Academy of Technology & Arts (CATA).
2 miles to Hwy 74 for regional connectivity.
5 miles to Monroe Executive Airport.
Strong Surrounding Growth:
Surrounded by national homebuilders and popular retailers.
Municipal Support:
Fully backed by the City of Monroe for a transformative community development.

ATTACHMENTS

Starlite_OM

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $4,838,750 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Planned Unit Development
  • Storefront, Retail or Residential
Total Lot Size 13.50 AC
Zoning PUD - Sewer capacity reserved — ready for immediate development. Mixed-Use Masterplan: Approved for apartments, condos, townhomes, and retail.

1 LOT AVAILABLE

Lot

Price $4,838,750 CAD
Price Per AC $358,425.94 CAD
Lot Size 13.50 AC

High-visibility intersection, fully entitled & rezoned property offers a shovel-ready for a vibrant community featuring apartments. Buyer should provide Seller with infrastructure improvement for townhomes & retail (cold shell).

DESCRIPTION

Capitalize on a rare, ready-to-build opportunity in a booming corridor with robust demand for quality residential and retail spaces. Iconic Corner Location: Commanding presence at the intersection of Hwy 84 (Weddington Rd) and Hwy 200 (MLK Blvd) — the welcoming gateway into Monroe’s historic and revitalizing downtown district. Fully Entitled & Ready to Build: Take advantage of approved zoning and reserved sewer capacity — a rare plug-and-play opportunity for immediate vertical development. Dynamic Mixed-Use Plan: Envisioned for vibrant residential and retail — including apartments, condos, townhomes, and neighborhood-serving retail — to meet strong market demand and fill critical housing needs. Strategic Connectivity: Less than 2 miles from Hwy 74 for seamless access to Charlotte and the surrounding region. Just 5 miles from Monroe Executive Airport — an added draw for professionals and businesses. Top-Rated Schools Next Door: Ideally positioned directly across from Union Academy Charter School and just 3 miles from Central Academy of Technology & Arts (CATA) — a magnet for families seeking quality education. National Builders Next Door: Surrounded by active communities from top national homebuilders including D.R. Horton, Smith Douglas, Mattamy Homes, and Meritage Homes, guaranteeing steady population growth and an established buyer and renter base. High-Growth Surroundings: Nestled among established national homebuilders and major retail anchors, ensuring a built-in customer base and strong foot traffic for future retail tenants. Community & City Support: Pro-development municipality fully behind this project, with infrastructure and approvals in place for a smooth delivery.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 09-313-014
  • 09-313-014-A
  • 09-316-005-H
Land Assessment
$3,176,699 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,176,699 CAD
  • Listing ID: 36244704

  • Date on Market: 2025-06-13

  • Last Updated:

  • Address: 198 N M L King Jr Blvd, Monroe, NC 28110

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