110 Piper Lane, Salisbury, NC 28147

  • $2,050,000
110 Piper Lane, Salisbury, NC 28147, Salisbury, NC
Active For Sale
110 Piper Lane, Salisbury, NC 28147
110 Piper Lane, Salisbury, NC 28147, Salisbury, NC
  • $2,050,000

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.

  • Address 110 Piper Lane
  • City Salisbury
  • State/county NC
  • Zip/Postal Code 28147

Details

Updated on January 22, 2025 at 5:32 am
  • Property ID: 4211764
  • Price: $2,050,000
  • Property Size: 70000 m²
  • Garage Size: x x
  • Year Built: 1920
  • Property Type: Warehouse/Office, Commercial Sale
  • Property Status: Active, For Sale

Additional details

  • Listing Terms: Cash,Conventional
  • Roof: Rubber,Other - See Remarks
  • Utilities: Electricity Connected,Gas
  • Sewer: Septic Installed,Other - See Remarks
  • Cooling: Other - See Remarks
  • Heating: Other - See Remarks
  • Flooring: Concrete,Wood
  • County: Rowan
  • Property Type: Commercial Sale
  • Parking: Other - See Remarks

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