Charlotte Msa Dollar General Adj

Land Description

RI Marketplace online auction May 19-21, 2025

Register to bid on Marketplace:

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±1.32-Acre land parcel located at 108 Plato Lee Road (the “Property”) in Shelby, North Carolina. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±1.32-Acre parcel situated adjacent to Dollar General with access and visibility on Plato Lee Road and near the intersection of W Dixon Blvd (US Hwy 74) with traffic counts of 28,004 vehicles per day. The Property benefits from favorable R2, Residential District zoning that allows for a wide variety of uses including single family residential, duplex, day care center, and others. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.

Shelby, North Carolina, located in Cleveland County, is a growing city in the Charlotte metropolitan region, approximately 45 miles west of Charlotte and 70 miles east of Asheville. The Property benefits from strong demographics with a population of 27,980 residents and an average household income of $61,723 within a 5-mile radius. The population has experienced 3.7% growth from 2020-2024 with 4.47% growth expected to continue through 2029.

Jerry E. King

King Auction & Realty Co., Inc.

License: 1010

Nc Broker's license: 22778