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32260062
32260059

1932 Valway Road Northwest, Lenoir, NC 28645 For Sale

SR
$1,090,000
78 days on market
Updated 65 days ago

25,000 SF Warehouse | 7 Acres | Near Hwy 321

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 25,000
Net Rentable (SqFt) 25,000
Class C
Year Built 1970
Year Renovated 2022, 2024, 2026
Buildings 1
Acreage 7.000
Zoning i-2
Ground Lease No
Ceiling Height 15
Loading Docks 2
Dock High Doors 2
Sale Condition For sale by owner

Income-Producing Industrial | Owner-User Opportunity | Hwy 90 Near Hwy 321

Marketing description

Versatile ±25,000 SF industrial property situated on approximately 7± acres in Lenoir, NC. This property offers a rare combination of warehouse, office, and finished flex spaces, along with income-producing components, making it ideal for both investors and owner-users.

Strategically located on Highway 90, just ±1 mile from Highway 321, the property provides excellent regional access for logistics, distribution, and service operations.

The property is currently partially leased and generates in-place income, with additional space available for lease-up or owner occupancy. Existing tenants are on month-to-month terms, providing flexibility for a new owner.

The ±18,000 SF warehouse features 15’ clear height, 3-phase power, LED lighting, recently replaced skylights, a 20’W x 14’H drive-in door with concrete ramp, and two dock-high doors with levelers. The building supports a wide range of industrial uses.

The ±3,000 SF office area includes updated HVAC and a recently replaced flat roof. The office layout incorporates approximately 900 SF of finished flex space with kitchen, bath, and private room layout, adaptable for office, breakroom, or support use.

Additional features include a ±700 SF conditioned mezzanine flex space with kitchen and bath layout, a second mezzanine for storage, a ±2,000 SF basement with approximately 7’4” ceiling height, and a transition area with shop space, warehouse restroom, and industrial sink.

The 7-acre site includes an elevated building area with no history of flooding, along with additional usable land. Improvements include three rows of air-drying wood sheds and a metal equipment shed with two bays, supporting additional storage or income potential.

This property presents a strong opportunity for an owner-user seeking a functional and adaptable facility, or an investor looking for in-place income with upside through lease-up and repositioning.

Owner financing available for qualified buyers.

Investment highlights

  • ±25,000 SF industrial building on ±7 acres
  • Dock-high + drive-in loading
  • 3-phase power and LED lighting
  • Recent improvements: roof and skylights replaced
  • Strong in-place income with upside
  • Finished flex spaces with kitchen and bath features
  • Excellent access to Hwy 90 and Hwy 321
  • Owner financing available

Listing Contacts

SR

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Additional Information

Name
Tonda Raines
License
NA123
Brokerage
Kentwood Properties LLC
Title
Broker of Record
Brokerage Address
1932 Valway Rd Lenoir, NC 28645
Name
Steve Raines
License
NA123
Brokerage Phone
828-929-5373
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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