501 N Mountain Street Cherryville, NC $ 1,700,000
501 N Mountain Street
$ 1,700,000
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501 N Mountain Street

Cherryville, NC, 28021
$ 1,700,000
Bedrooms-- Baths--

Monthly Estimate*

$ 11,741

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Commercial Property for sale in Cherryville, NC

for $1,700,000. This building was built in 1900 on a lot size of 4.97.

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.

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Commercial Contingent

Price

$ 1,700,000

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Lot Size

4.97

Year Built

1900

Town/City

Cherryville

County/Region

Gaston

MLS | Web ID

4200226

Features
Interior
Basement Other
Basement (Y/N) Y
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General
Zoning RMF
Year Built 1900
Property Subtype Industrial
Parcel Number 128879
County Gaston
New Construction N
Property Type Commercial Sale
HOA N
City Cherryville
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Lease Considered Y/N Y
Standard Status Active Under Contract
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 238780
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Exterior
Lot Features Corner Lot
Inclusions Building Fixtures Inventory Land
Lot Size Area 4.97
Road Surface Type Concrete
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Highland Real Estate

Broker

Affordability Calculator

$11,741
Per Month
100%
0%
0%
Monthly Principal & Interest
$11,741
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/2/2024$1,700,000 Listed Price

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501 N Mountain Street, Cherryville, NC, 28021 is a Commercial Property for sale at $1,700,000 with a lot size of 4.97. 501 N Mountain Street was built in 1900. The property's zip code is 28021 which is in Cherryville, NC