241 Vance Street
Industrial | 7.40% CAP | 175,542 SqFt
Marketing description
Kassin Sabbagh Realty is pleased to present 241 Vance Street, a commercial property located in Forest City, North Carolina. Positioned along a well-traveled corridor, the property benefits from convenient access to downtown Forest City and the surrounding Rutherford County market. The asset is situated within a growing commercial area that serves both local residents and regional visitors, offering strong visibility and accessibility. Surrounded by a mix of retail, service-oriented businesses, and residential neighborhoods, the property is well-positioned for a variety of commercial uses. Its strategic location and accessibility make it an attractive opportunity for investors, owner-users, or redevelopment in one of Western North Carolina's established commercial corridors.
241 Vance Street presents a compelling opportunity for investors, owner-users, and developers seeking a well-located commercial asset with flexible use potential. Whether maintained as an income-producing property, repositioned for a new commercial concept, or redeveloped to maximize site value, the property offers significant upside within one of Western North Carolina's established and evolving commercial corridors. Its combination of visibility, accessibility, and strategic location makes it a standout opportunity in the Forest City market.
Investment highlights
- Multi tenant
- low lot coverage
- mark to market
- 175,542 across 9 buildings
- 24.42 acres, 2.93 acres of IOS (included in the 24.42 acres)
- clear heights range from 16’-27’
- vintages range from 1974-1999
- Rare Industrial Park Offering – Opportunity to acquire a multibuilding industrial campus consisting of nine warehouse and industrial buildings totaling approximately 175,000+ SF on over 24 acres
- Existing Income Stream – Multiple buildings are currently leased, providing in-place cash flow with the potential to increase occupancy and rental income over time.
- Strategic Southeast Location – Positioned between Charlotte, Asheville, and Greenville Spartanburg, offering access to major regional distribution and manufacturing markets within a short drive.
- Industrial Zoning & Outdoor Storage –M-1 zoning supports a wide range of industrial uses, complemented by outdoor storage, laydown yards, truck parking, and equipment storage capabilities.
- Logistics Infrastructure – Former trucking terminal with fleet service facilities, fuel infrastructure, warehouse space, and trailer parking, making it attractive for transportation, logistics, and distribution operators.
- Strong Regional Growth Drivers – Forest City continues to benefit from economic development, residential growth, and increased industrial demand throughout Western North Carolina.
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