12640 Highway 601 Highway Midland, NC $ 342,000
12640 Highway 601 Highway
$ 342,000
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12640 Highway 601 Highway

Midland, NC, 28107
$ 342,000
Baths1.0

Monthly Estimate*

$ 2,389

12640 Highway 601 Highway, Midland, NC 28107 - Image 1
12640 Highway 601 Highway, Midland, NC 28107 - Image 2
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12640 Highway 601 Highway, Midland, NC 28107 - Image 9
12640 Highway 601 Highway, Midland, NC 28107 - Image 10
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12640 Highway 601 Highway, Midland, NC 28107 - Image 12
12640 Highway 601 Highway, Midland, NC 28107 - Image 13
12640 Highway 601 Highway, Midland, NC 28107 - Image 14
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12640 Highway 601 Highway, Midland, NC 28107 - Image 17
Studio

Commercial Property for sale in Midland, NC

for $342,000 with 1 full bath. This building was built in 1958 on a lot size of 1.99.

Great opportunity to own both a residential and commercial property in the fast-growing town of Midland, North Carolina on almost 2 acres. This can be purchased with the 4-acre property at 12560 Highway 601. Both properties join on the back giving a total acreage of approximately 6 acres when purchased together. Subject to the Town of Midland Rules many commercial projects can be approved on the properties. Located only .5 miles from Highway 24/27 (Albemarle Road) the properties are a quick drive to I485, Charlotte, Concord, Monroe. Property was rented for 3 years to same tenants. Home has been vacant since March 2024. Look at the diagram in the pictures to see where the properties join. The pink area is the parameter of both properties. The blue line shows where they join. Property currently on septic system but public sewer is available. Sold AS IS.

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Commercial Active

Price

$ 342,000

Bedrooms

Studio

Full Bath

1

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

1.99

Year Built

1958

Town/City

Midland

County/Region

Cabarrus

MLS | Web ID

4003747

Features
General
Sewer Septic Installed
Heating Central Electric Heat Pump
Cooling Ceiling Fan(s) Central Air Electric Heat Pump
Utilities Cable Available Electricity Connected Propane
Roof Shingle
Appliances Electric Range Electric Water Heater
Construction Materials Brick Full
Year Built 1958
Property SubType Business
County Cabarrus
New Construction N
Property Type Commercial Sale
Possible Use Commercial Residential
City Midland
Street Name Highway 601
Standard Status Active
Construction Type Site Built
Restrictions Architectural Review
Tax Assessed Value 143040
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Interior
Flooring Wood
Street Suffix Highway
Total Baths 1
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Exterior
Parking Features Driveway Parking Space(s)
Lot Features Level
Water Source County Water
Inclusions Building Land
Lot Size Area 1.99
Foundation Details Crawl Space
Road Surface Type Paved
Lot Size Units Acres
Road Frontage Type State Highway
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 12640
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* Excluded Features
List By
Debra Lynn Price

Broker

Affordability Calculator

$2,389
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,389
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
4/13/2024$342,000 -5.00% Price Down
4/7/2024$360,000 -4.00% Price Down
3/28/2024$375,000 -6.23% Price Down
1/3/2024$399,900 -11.13% Price Down
2/20/2023$450,000 Listed Price

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12640 Highway 601 Highway, Midland, NC, 28107 is a Commercial Property for sale at $342,000 with a lot size of 1.99. 12640 Highway 601 Highway is a studio with 1.0 baths and was built in 1958. The property's zip code is 28107 which is in Midland, NC