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503 Miller Street, Monroe, NC 28110
$340,000
503 Miller Street, Monroe, NC 28110View this property at 503 Miller Street, Monroe, NC 28110
503 Miller StreetMonroeNC28110
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Property Description
**Prime investment/development opportunity** Manetta Mills, built in 1925, was once a thriving cotton factory - producing blankets and sheeting. The structure is over 140,000 sf including the basement. The second level floor was removed. 2 elevator shafts, several loading docks, restrooms, and offices are located throughout the building. One portion has minor roof damage and has immediate potential. The larger portion has severe roof damage. This property is perfect for the creative developer who can save this timeless piece of history or it could be deconstructed and a new chapter started. Zoned industrial making the opportunities endless!! The 10ac parcel is being divided leaving this to have apprx. 4.3acres. All materials in the building can be included in the sale with acceptable offer. Priced competitively for a no-hassle, AS-IS sale. Recently appraised at $701k - copy may be requested along with the survey.
Full Property Details
Full Property Details for 503 Miller St
General
- Sold For: $340,000
- Status: Closed
- Type: Commercial
- MLS ID: 4064783
- Added to Site: 290 day(s) ago
Interior
- Appliances: None
- Flooring: Concrete
Parking
- Parking Features: Other - See Remarks
Location
- County: Union
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: None
Structural Information
- # Buildings: 2
- Construction: Site Built
- Exterior Const.: Brick Full, Other - See Remarks
- Basement: Yes
- Basement Desc.: Exterior Entry
- Roof: Flat, Steel, Steel, Wood, Wood
- # Loading Docks: 5
- Minimum Avail: 145,125 Sq. Ft.
- Year Built: 1925
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Cleared, Corner Lot, Other - See Remarks
- Rcmdd Zoning: AV6
- Fencing (Description): Barbed Wire, Chain Link, Fenced, Full
Financial Considerations
- Terms: Cash, Construction Perm Loan
Disclosures and Reports
- Special Conditions: Undisclosed
- Restrictions: No Representation, Use
- Inclusions: Building, Equipment, Fixtures, Other
- Property ID: 09-229-015
- Lot Number: 3705-43
Listed by EXP Realty LLC Ballantyne
Sold by ERA Live Moore
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Schools
Schools serving 503 Miller St
School District:Union County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
515 Elizabeth Ave, Monroe, NC 28112 | PK-5 | 1 mi | |
601 E Sunset Dr, Monroe, NC 28112 | 6-8 | 1.1 mi | |
1 High School Dr, Monroe, NC 28112 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 503 Miller St
Date
Details
Price
Change
Source
11/30/2023
Sold
$340,000
-2.86%
MLS
8/30/2023
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
503 Miller Street, Monroe, NC 28110 (MLS# 4064783) is a Commercial property that was sold at $340,000 on November 30, 2023. Want to learn more about 503 Miller Street? Do you have questions about finding other Commercial real estate for sale in Monroe? You can browse all Monroe real estate or contact a Coldwell Banker agent to request more information.