501 Mountain Street
501 Mountain Street
Cherryville, NC 28021
$1,700,000
- Lot Size: 4.97 Acres
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, driven in part by a slated lithium mine expected to create thousands of new jobs.
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | Industrial |
| Year Built : | 1900 | Construction Type : | Site Built |
| Lot Size : | 4.97 Acres |
Property Features
- Corner Lot
More Information
- Road : Publicly Maintained Road
Based on information submitted to the MLS GRID as of 02-22-2025 07:22:03 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.