110 Piper Lane Salisbury, NC 28147
Single Family Detached
MLS #: 4211764
Courtesy Of Modern Brokerage
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Amenities: Security System
- Architecture Style: Other
- Building Units: 5
- Exterior Type: Brick
- Floor Covering: Wood
- Floor Covering: Concrete
- Heating System: See Remarks (Heating)
- Legal Description: 12.03AC
- MLSID: 4211764
- Roof Type: Rubber
- Roof Type: See Remarks
- Roof Type: Other
MAP & DIRECTIONS
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