3562 Old Catawba Rd, Claremont, NC 28610

3562 Old Catawba Road, Claremont, NC 28610

This offering consists of two parcels totaling approximately 4.49± acres, improved with a 19,000± square foot income-producing warehouse divided into Units A, B, C, and D.

The asking price is $995,000.00.

The warehouse was quality-built in 1981 by GW Witherspoon Construction Company and features concrete cinder block construction with sprayed foam insulation and exterior reinforcing structural columns that successfully withstood Hurricane Hugo. The building includes a 5-inch, 3000 PSI reinforced concrete floor with vapor barrier and wire mesh, along with fire doors between Units A, B, and C.

Key Improvements & Infrastructure:

• Total replacement cost estimated at $1,806,000 per current insurer (Watson Insurance – Neil Ryan)

• 2023 insured value: $1,444,800 (80%) with annual premium of $3,759

• General liability insurance: $353 annually

• 2025 real property taxes: $3,088.02, pro-rated by square footage and paid by tenants

• New roof (2021) with transferable warranty: 2 years labor + 25-year manufacturer warranty (Elite Roofing, Concord, NC)

• New HVAC systems (2021) for Units A & D

• New well pump (2021); well approximately 300+ feet deep (pump submerged at ~270 feet). Owners report no issues

• Public water available next door at Ramsey Finishing (buyer’s expense)

• Six angled, anchored, and rebarred loading docks (four with newer dock seals and bumpers)

• One drive-in door

• Separate ingress and egress with ample room for tractor trailers

• Three-phase electrical

Site & Zoning:

• 4.49± acres total

  • Warehouse on 2.88± acres

  • Additional 1.51± acre buildable lot — build-to-suit opportunity

• Zoned M-1, City of Claremont zoning verification for warehouse/storage use

• Located approximately 2 miles from Interstate 40, just outside Claremont city limits

Lease Structure:
All tenants are NN, paying their own insurance, pro-rated property taxes, and utilities.

Current & Projected Financials

• 2025 Rental Income (Units A, B & D only): $63,600.00

• Annual Expenses: $7,612.00

• Cap Rate: 5.6%

• Market Value (2025): $999,785.71

• Projected 2026 Rental Income (Units A, B & D only): $68,400.00

• Projected Market Value (2026): $1,013,133.00

Unit Breakdown

Unit A – NN leased

• 3,700± sq. ft.

• 13’ warehouse ceiling

• Office space with 8.5’ ceiling

• Two bathrooms (remodeled in 2024)

• Two drive-up loading docks

• Current rent: $1,500/month

• Rent increases to $1,800/month beginning 1/1/2026

Unit B – NN leased

• 1,750± sq. ft.

• 10.5’ ceiling height

• Two bathrooms

• Two drive-up loading docks

• Current rent: $1,000/month

• Rent increases to $1,300/month on 6/1/2026

• Tenant has agreed to install a new electrical panel box for Unit C upon Unit C being leased

Unit C – Available for lease

• 7,000± sq. ft.

• 11’ ceiling height with one 9.5’ low-point beam

• Two bathrooms

• Two drive-up loading docks

• Offered at $3,500/month

Unit D – NN leased

• 6,500± sq. ft.

• Reception area, two private offices, and two bathrooms

• 11’ warehouse ceiling

• Two drive-up loading docks plus one drive-in door

• Current rent: $2,800/month

• Lease expires 7/1/2026, unless otherwise negotiated (Owner states lease is being renewed.)

• Non-load-bearing wall allows easy expansion into Unit B/C

This property offers durable construction, stable income, built-in rent growth, flexible unit configuration, and future development potential, all at a price below market value and replacement cost.

Please feel free to contact me with any questions or to request additional documentation. Broker Co-OP is being offered.