110 Piper Lane , Salisbury, NC 28147
Salisbury, NC 28147
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 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.
Details
| MLS# | 4211764 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 17 |
| Listing Provided By | Modern Brokerage | Jason Dolph |
Features
| SQ Feet | 70,000 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 2 |
| Zoning | LI |
| Acreage | 12.03 |
Market Activity 28147
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Learn More About This Property
| State | NC |
|---|---|
| County | Rowan |
| City | Salisbury |
| Zip Code | 28147 |
| Area | Rowan |
| Listing VS Median (in 28147) | |
Price: $2,050,000 low | high Med: $369,900 SqFt: 70,000 low | high Med: 1,660 $ / SqFt: $29 low | high Med: $223 On Site: 17 low | high Med: 17.000000 | |