130 Piper Ln - Warehouse FOR SALE


Salisbury, NC 28147
$2,050,000 USD
704-502-0388
130 Piper Ln, Salisbury, NC for Sale
$2,050,000 USD
Warehouse - FOR SALE
1/35
null | 4.85% Cap Rate

130 Piper Ln
Salisbury, NC 28147


HIGHLIGHTS

  • 100% occupied income-producing commercial adjacent to Mid-Carolina Regional Airport
  • 12.03 Acres allocated as 9.73 Acres with (2) Industrial / Warehouse Buildings & 2.3 Acres of Excess Land w/ 337 feet of frontage
  • 1.7 Miles from I-85
  • Long Standing Tenants on Short-term and Below market rents in RED HOT ROWAN COUNTY!
  • This is part of a family-owned portfolio with multiple income-producing properties for sale in Salisbury.
  • August 2024 appraisal available for review.

OVERVIEW

100% occupied income-producing commercial adjacent to Mid-Carolina Regional Airport in RED HOT Rowan County, part of highly-desirable Charlotte-Concord-Gastonia MSA. 12.03 Acres allocated as 9.73 Acres with (2) Industrial / Warehouse Buildings & 2.3 Acres of Excess Land w/ 337 feet of frontage along S. Main St. (US-29) 1.7 Miles from I-85. Zoned LI-Light Industrial w/ many permissible uses. Long-existing local and national tenants on short-term flexible modified gross leases. Below market rents averaging $1.97/SF/ Year presents a significant upside opportunity for purchase. Building 130 was built in 1920 (renovated in 1974) & consists of 4 bays totaling 60,000 SF leased by 3 warehouse tenants. The brick building features 7 Dock-High doors & 4 Drive-In doors, up to 20’ clear heights, and a portion of office space. Building 110 was built in 1929 w/10,000 SF (2) overhead drive-in doors with an auto service tenant. This is part of a family-owned portfolio with multiple income-producing properties for sale in Salisbury. On septic but sewer available to site. Substantial roof upgrade in section in 2020. The OFFERING MEMORANDUM is available for download directly from the Data Room section. It includes Property Details, Photos, & Maps (Pg.1-22) | Rent Roll (Pg. 23) | August 2024 Appraisal (Pg.24-135) | Zoning Use Schedule Pg. 136-138 | Demographics Pg. 139-162.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(2) 100% Occupied Warehouses Next to Airport

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

20 Ft

DOCKS

7

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

12.03

LAND SF

524,027

ZONING

LI- Light Industrial

APN/PARCEL ID

471-036

ASK ABOUT THIS PROPERTY

Jason DolphModern BrokerageMore Info
704-502-0388

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Jason DolphModern BrokerageMore Info
704-502-0388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.