501 N Mountain St - Warehouse FOR SALE


Cherryville, NC 28021
$1,700,000 USD
704-819-2361
501 N Mountain St, Cherryville, NC for Sale
$1,700,000 USD
Warehouse - FOR SALE
1/31
null | Request Cap Rate

501 N Mountain St
Cherryville, NC 28021


HIGHLIGHTS

  • Slated lithium mine to bring 1000s of jobs to Cherryville.
  • Multiple major housing development projects nearby.
  • Cherryville city and Gaston county are eager to see this property repurposed.
  • 0.4 miles to developing downtown Cherryville.
  • Historic Charm.
  • 996' of road frontage.

OVERVIEW

The Cherryville Mill, located in the heart of Cherryville, NC, offers over 152,000+- square feet of space on a 4.97 acre lot with over 996 feet of road frontage and RMF zoning. The property presents an exciting opportunity for redevelopment into apartments, townhomes, or mixed-use residential space and would make an excellent prospect 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 provide a distinctive and timeless aesthetic 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 within a one-mile radius. Cherryville is set to experience significant economic growth, driven in part by a slated lithium mine expected to create thousands of new jobs; further increasing demand for housing. With ample space, prime road frontage, and the promise of future growth, this property offers a rare and compelling investment opportunity.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$11 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Cherryville Mill

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

5

DRIVE INS

4

PARKING SPACES

14

LAND DETAILS

LAND ACRES

4.97

LAND SF

216,493

ZONING

RMF

APN/PARCEL ID

128879

ASK ABOUT THIS PROPERTY

Cyd WarrenHighland Real EstateMore Info
704-819-2361

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Cyd WarrenHighland Real EstateMore Info
704-819-2361

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