110 Piper LN Active Save Request In-Person Tour Request Virtual Tour
Salisbury,NC 28147
Key Details
Property Type Commercial
Sub Type Warehouse/Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4211764
Construction Status Completed
Year Built 1920
Lot Size 12.030 Acres
Acres 12.03
Property Description
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 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. August 2024 appraisal available for review.
Location
State NC
County Rowan
Zoning LI
Interior
Heating Other - See Remarks
Cooling Other - See Remarks
Flooring Concrete,Wood
Inclusions Building,Land
Exterior
Utilities Available Electricity Connected,Gas
Roof Type Rubber,Other - See Remarks
Street Surface Gravel,Paved
Accessibility Two or More Access Exits
Building
Lot Description Level
Dwelling Type Site Built
Foundation Slab
Sewer Septic Installed,Other - See Remarks
Water City
Structure Type Brick Full
New Construction false
Construction Status Completed
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None