110 piper laneSalisbury, NC 28147

$2,050,000Price
70,000 Sq.Ft.$29 / Sq.Ft.
70,000Sq.Ft.
$29per Sq.Ft.
OverviewLocationBuilding informationProperty InfoPublic Records
$2,050,000Price
70,000$29.29 / Sq.Ft.

110 piper laneSalisbury, NC 28147

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.

Property Details for 110 Piper Lane

  • Parking FeaturesOther - See Remarks
  • Property AttachedNo

LISTING UPDATED:

  • StatusActive
  • MLS #CAR4211764
  • Days on Site14
  • MLS TypeCommercial Sale
  • Year Built1920
  • CountryRowan

Location

NCSalisbury28147110 Piper Lane

Listing Courtesy of Modern Brokerage - Jason Dolph

LISTING UPDATED:

  • StatusActive
  • MLS #CAR4211764
  • Days on Site14
  • MLS TypeCommercial Sale
  • Year Built1920
  • CountryRowan

Building Information for 110 Piper Lane

Payment Calculator

$21,161 per month30 year fixed, 7.00% Interest
Principal and Interest$10,910.96
Property Taxes$10,250
HOA Dues$0

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Property Information for 110 Piper Lane

Summary

Location and General Information

  • Directions: From I-85, travel NE on Peeler Rd. Turn RIGHT on US-29 (S. Main St.). Parcels are on the left before Piper Ln. Look for signage.
  • Coordinates: 35.633081,-80.522059

School Information

    Taxes and HOA Information

    • Parcel Number: 471036
    • Tax Legal Description: 12.03AC

    Virtual Tour

      Parking

      • Open Parking: No

      Interior and Exterior Features

      Interior Features

      • Cooling: Other - See Remarks
      • Heating: Other - See Remarks
      • Flooring: Concrete, Wood
      • Foundation: Slab

      Exterior Features

      • Accessibility Features: Two or More Access Exits
      • Construction Materials: Brick Full
      • Pool Features: None
      • Road Surface Type: Gravel, Paved
      • Roof Type: Rubber, Other - See Remarks
      • Security Features: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
      • Pool Private: No
      • Road Frontage Type: 4 Lane Highway, US Highway

      Property

      Utilities

      • Sewer: Septic Installed, Other - See Remarks
      • Utilities: Electricity Connected, Gas
      • Water Source: City

      Property and Assessments

      • Home Warranty: No

      Green Features

        Lot Information

        • Lot Features: Level

        Rental

        Rent Information

        • Land Lease: No

        Public Records for 110 Piper Lane

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