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
Year Built 1920
Lot Size 12.030 Acres
Property Sub-Type Warehouse/Office
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
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
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None