Pictures of Industrial, Land, Mixed Use property located at 130 Piper Ln, Salisbury, NC 28147 for sales - image #1

Pictures of Industrial, Land, Mixed Use property located at 130 Piper Ln, Salisbury, NC 28147 for sales - image #2

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(2) 100% Occupied Warehouses Next to Airport

(2) 100% Occupied Warehouses Next to Airport in Rowan County NC (Charlotte MSA)

Listing Contacts

Modern Brokerage LLC
Jason Dolph
License: NC NC 216777
Phone Number: Sign Up or Log In to see phone number
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Asking Price: $2,050,000

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Address

130 Piper Ln, Salisbury, NC 28147

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Date Added

Jan 20, 2025

Days on Market

93 days

Time Since Last Update

33 days

Details

Property TypeIndustrial, Land, Mixed Use

SubtypeWarehouse

Investment TypeValue Add

TenancyMulti

Number of Tenants4

Square Footage70,000

Price/Sq Ft$29.29

Cap Rate4.85%

Occupancy100%

NOI$99,444

Year Built1920 & 1929

Year Renovated1974

Buildings2

Stories1

ZoningLI- Light Industrial

Lot Size (acres)12.03

Broker Co-OpYes

APN471-036

Loading Docks13

Dock High Doors7

Ceiling Height20

Marketing Description

100% occupied income-producing commercial adjacent to Mid-Carolina Regional Airport in RED HOT Rowan County, part of highly-desirable Charlotte-Concord-Gastonia MSA. 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. On septic but sewer available to site. Substantial roof upgrade in section in 2020. The OFFERING MEMORANDUM is available for download directly from the Data Room section. It includes Property Details, Photos, & Maps (Pg.1-22) | Rent Roll (Pg. 23) | August 2024 Appraisal (Pg.24-135) | Zoning Use Schedule Pg. 136-138 | Demographics Pg. 139-162.

Investment Highlights

100% occupied income-producing commercial adjacent to Mid-Carolina Regional Airport
1.7 Miles from I-85 This is part of a family-owned portfolio with multiple income-producing properties for sale in Salisbury.
12.03 Acres allocated as 9.73 Acres with (2) Industrial / Warehouse Buildings
2.3 Acres of Excess Land w/ 337 feet of frontage
Long-Standing Tenants on Short-term and Below market rents in RED HOT ROWAN COUNTY!
August 2024 appraisal available for review.