Presenting an exceptional investment opportunity: a versatile 9-acre property strategically located directly across from the Cabarrus Arena and Events Center on Highway 49 in Cabarrus County, North Carolina. This prime location offers unparalleled visibility and accessibility, making it ideal for a range of commercial and industrial applications.
Property Features:
Land Area: 9 acres
Road Frontage: Approximately 950 feet along Highway 49, ensuring high visibility and ease of access.
Buildings: Two metal structures totaling over 9,000 square feet.
Primary Building: Features Nearly 1,000 square feet of office space with a spacious warehouse area with 20-foot ceilings, ideal for storage or manufacturing needs.
Secondary Building: Offers approximately 3,000 square feet of additional warehouse space, providing flexibility for various operational requirements. Setup for heat and air conditioning and well insulated.
Loading Facilities: Equipped with two loading docks to facilitate efficient logistics and material handling plus two drive in doors as well.
Utilities: Serviced by Duke Energy with three-phase power, accommodating heavy-duty equipment and industrial operations.
Water and Sewer: Currently operating on well and septic systems. Connection to municipal water and sewer services is available, with an estimated cost of $250,000.
Zoning and Land Use:
Current Zoning: Office-Institutional (OI)
A letter from Cabarrus County Planning & Zoning confirms the property's non-conforming use status, permitting the continuation of specialty chemical manufacturing operations.
Future Land Use Plan: The site is designated for residential development. However, Cabarrus County officials have indicated a willingness to consider rezoning requests for Light Industrial uses, potentially in conjunction with annexation into the City of Concord. 704-920-2141 for more details from Cabarrus County.
Environmental and Compliance:
A comprehensive Phase I Environmental Site Assessment has been conducted and is available for review upon entering into a contract, ensuring due diligence and compliance with environmental regulations.
Location Highlights:
Proximity to Major Venues: Situated directly opposite the Cabarrus Arena and Events Center, the property benefits from significant traffic and exposure.
Accessibility: Easy access to major highways and transportation networks, facilitating convenient logistics and distribution.
Potential Opportunities:
Industrial Use: With existing facilities suitable for manufacturing and warehousing, the property is primed for industrial operations. The possibility of rezoning to Light Industrial further enhances its appeal for such uses.
Commercial Development: The substantial road frontage and high visibility make it an attractive option for commercial enterprises seeking a prominent location.
Residential Development: Aligning with the future land use plan, the expansive acreage offers potential for residential projects, subject to appropriate planning and approvals.
Investment Considerations:
Elon Specialties, Inc. Main building and Warehouse
Lab / Office Area:
- lab with working exhaust hood - 1995
- 2 offices, with electronics room adjacent to front office with 2 exhaust fans for cooling
- 2 bathrooms in lab / office area
- new roof 2018
Manufacturing Area:
- heat controlled; supplied by boiler heat exchanger
- water, with multiple floor drains
- 3 reactor vessels with heating jackets, interconnected:
2500 gallon reactor 1974
1100 gallon reactor 1996
500 gallon reactor 2000
- 3 stirrers that fit on the reactors, all working
- fiberglass storage vessels
8 - 2850 gallon tanks, 2 of which have heating coils
2 - 5000 gallon tanks
7 - 6000 gallon tanks, 2 of which have heating coils
- 2 positive displacement pumps and 2 centrifical pumps for loading vessels or tanker cars
- 3 loading docks, 1 with concrete ramp leading up to building
- 1 forklift - 1952 Clark 3500, gas; working; multiple hand drum dollies
- scales - 2500 gallon reactor on load cells with 25000 lb capacity; 4000 lb floor scale capacity
- eye wash station
- bathroom; plumbing in place to reconnect a shower
- annual fire safety inspections
Boiler Area:
- functioning and annually certified boiler - 1977 York Shipley 50 HP fire tube
- additional large room behind boiler for storage; connected to plant through sliding doors, and outside access through large “garage” door
Warehouse Area: built in 1984
- wired for AC
- heat controlled
- water is connected in the warehouse
- 2 loading areas with large lift doors
- multiple floor drains
Water - Wells - well house provides ample water for lab facility and manufacturing
Septic system - one for lab/office; one for manufacturing building that carries waste from both buildings out to the acreage to the left of plant.
Electricity from City of Concord Collections for heating and AC. HVAC system in lab/office area
Propane from Suburban Propane
Special Use Features:
- multiple loading docks and garage doors for easy access
- Highway 49 access with large driveways and areas for parking
- good natural barriers to surrounding properties
Utility Expansion: Prospective buyers should account for the $250,000 estimated cost to connect to municipal water and sewer services, enhancing the property's infrastructure and development potential.
Zoning Flexibility: The willingness of county officials to entertain rezoning requests provides an opportunity to align the property's use with market demands and investor objectives.
This property represents a unique opportunity to acquire a strategically located asset with versatile development potential in a thriving region. For further information or to schedule a site visit, please contact the listing agent.