1. North Carolina
  2. Cherryville
  3. 501 N Mountain Street
$1,700,000

501 N Mountain Street, Cherryville, NC 28021

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4.97acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

The historic Cherryville Mill offers over 152,000+- square feet of space on a 4.97-acre lot with over 996 feet of road frontage and approved RMF zoning. The property presents an exciting opportunity for redevelopment into apartments, townhomes, or mixed-use residential space and would make an excellent subject for a 1031 exchange. Both the city of Cherryville and Gaston County are eager to see this property repurposed and have voiced strong support for redevelopment. The mill retains much of its original character, with exposed brick walls, large wooden beams, and soaring ceilings that would add character and appeal to any redevelopment project. Its strategic location just 0.4 miles from the developing downtown of Cherryville, places it at the center of a thriving area with several major housing projects underway. Cherryville is set to experience significant economic growth, partly driven by a slated lithium mine expected to create thousands of new jobs.

Listing Status:
Active
Listing Office:
Highland Real Estate : 704-477-5423
MLS ID:
4200226
  • Basement: Other

This listing courtesy of Highland Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

W

W. B. Beam Intermediate School

401 E 1st St, Cherryville, NC, 28021

Grades 4-5

0.37 miles away

J

John Chavis Middle School

103 S Chavis Dr, Cherryville, NC, 28021

Grades 6-8

0.98 miles away

C

Cherryville High School

313 Ridge Ave, Cherryville, NC, 28021

Grades 9-12

0.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.