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Industrial Flex Building with Grade Doors
For Sale
$775,000

140 Water Tank Road, Statesville, NC 28677

Commercial Sale, Statesville, NC

Property SizeContact for details
Lot Size1.50 Acres
Days on Market542

Property Features for 140 Water Tank Road

General Information

Property type Residential
Property subtype Office
Zoning M1
Zoning description M1
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 2, Bathroom 3
Parking 35
Security features Security System
Fencing Fenced
Appliances Electric Water Heater
Lot features Cleared
Directions I 77 N West on I 40 to Old Mtn Road exit South to Right on Water Tank Rd to building on Right See sign
Standard status Active
APN 4704-71-1646
Lot size 1.50 Acres

Taxes and HOA fees

Tax Description YOUNT SR 1005 OFF
Legal Description YOUNT SR 1005 OFF

Utilities

Utilities Propane
Heating system Heat Pump (Heating)
Cooling system Central Air

Amenities

2 roll up on grade doors
propane supplemental heaters

Building Details

Year built 1983
Flooring type Concrete
Building materials Metal
Roof type Metal
Listing Agency: Lakeshore Realty, Inc.
Listed By: Jon Grigorian · License #131675
Added: Mar 12, 2025 Changed: Sep 1 Last Checked: Sep 4 at 7:06PM
MLS# 4232702

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This M1-zoned flex property occupies a 1.5-acre site and includes a metal building with concrete flooring, a metal roof, and three bathrooms. Two roll-up, on-grade doors provide direct entry to the warehouse area. The building was constructed in 1983 and includes a heat pump, central air conditioning, propane service, and supplemental ceiling heaters. The grounds are fenced.

The property is positioned near I-40 and the Old Mountain Road exit in Statesville, within Iredell County. Its combination of flex space, warehouse access, and industrial zoning supports a range of commercial configurations, subject to applicable approvals.

Key Highlights

  • 1.5‑acre industrial property in Statesville, NC
  • M1 zoning supports industrial property use
  • Two roll‑up, on‑grade doors connect to the warehouse

Property Analytics

Current Use

Clutches Motorcycle & ATV ... Auto Repair Shop Melco Fire Caulking, ... General Contractor

Suggested Use

Top Pick Auto Parts Store Real Estate Agency Storage Facility Pharmacy Bakery Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Drive-in doors
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

77
Businesses Nearby
Well-served
Demand for This Use

Demographics for 28677, NC

35,926
Population
16,096
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
85%
High-School Grad
83.0 sq mi
ZIP Area
433
Density / Sq Mi
$59,081
Median Household Income
$34,684
Median Earnings
$861
Median Rent
$207,000
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Flex space - M1-zoned flex property with warehouse access, fenced grounds, and central air conditioning.
Where is this flex space located?
The property is located at 140 Water Tank Road Statesville, NC.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1.5‑acre industrial property in Statesville, NC; M1 zoning supports industrial property use; Two roll‑up, on‑grade doors connect to the warehouse
More about this property
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