1. North Carolina
  2. Salisbury
  3. 110 Piper Lane
$2,050,000

110 Piper Lane, Salisbury, NC 28147

  • 70,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon12.03acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $29/sqft
  • Property List Date Icon Listed 7 months ago

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.

Listing Status:
Pending
Listing Office:
Modern Brokerage : 704-502-0388
MLS ID:
4211764

This listing courtesy of Modern Brokerage

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

E

Elizabeth Duncan - Koontz Elementary School

685 E Ritchie Rd, Salisbury, NC, 28146

Grades PK-5

1.58 miles away

S

Southeast Middle School

1570 Peeler Rd, Salisbury, NC, 28146

Grades 6-8

1.89 miles away

R

Rowan County Early College

1333 Jake Alexander Blvd S, Salisbury, NC, 28146

Grades 9-12

2.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.