315 Elizabeth Street NW offers a prime commercial warehouse for sale at a $9.37 per square foot cost, which is well below replacement costs. The estimated rent range for full occupancy is $1.50 to $2.50 per square foot, well below market comps to ensure full occupancy.
This exceptional 800,000-square-foot warehouse, renovated in 2023, offers versatile industrial features, including a 20-foot clear height and 20 dock doors. Situated on a 20-acre site, there is ample parking and room for truck maneuvering. 315 Elizabeth Street NW is completely gated with on-site security. Existing credit tenants Chase Corp and SJM Marketplace occupy 148,800 square feet, and this property provides stable rental income. Strategically located minutes from Highway 321, with easy access to Highway 64, Interstate 45, and Charlotte, this property ensures excellent connectivity and logistical advantages. This ideal investment opportunity benefits from competitive rental rates and a conservative proforma cap rate.
Located in western North Carolina, 315 Elizabeth Street NW provides easy highway access and convenience to major population centers. Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45. Charlotte is a significant North Carolina city and commercial hub that can be reached in less than an hour's drive. 315 Elizabeth Street NW is a dynamic property primed to offer an ideal investment or owner/user opportunity.