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 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 110 was built in 1920 (renovated in 1974) & consists of 4 bays totaling 60,000 SF leased by 3 warehouse tenants. Brick building features 7 Dock-High doors & 4 Drive-In doors, up to 20' clear heights, and a portion of office space. Building B 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. August 2024 appraisal available for review.
Property Type(s):
Commercial
|
Year Built
|
1920
|
County
|
Rowan
|
Additional Details
| CONSTRUCTION |
Brick |
| LOT |
12.03 acre(s) |
| LOT DESCRIPTION |
Level |
| MLS STATUS |
Active |
| SEWER |
Septic Tank |
| STORIES |
1 |
| UTILITIES |
Natural Gas Available, Electricity Connected |
Location
Listed with Modern Brokerage
Date last updated: 1/9/25 7:31 AM PST
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