$1 Auction – 1.32 Acre Parcel | Charlotte MSA | Dollar General Adjacent

Highlights:

• ±1.32 Acres of Land Adjacent to Dollar General in Shelby, NC (Charlottle MSA)
• 3.7% Population Growth from 2020-2024 and 4.47% Future Growth Anticipated (5-Mile Radius)
• Attractive Demographics with ±27,980 Individuals and Annual Household Income of ±$61,723 (5-Mile)
• Near Signalized Intersection with Combined Traffic Counts of 30,479 VPD on W Dixon Blvd and Plato Lee Rd
• Absolute $1 Auction - NO RESERVE

Description:

RI Marketplace online auction May 19-21, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2428/1-auction-1.32-acre-parcel-charlotte-msa-dollar-general-adjacent?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=land_2428

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

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