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    215 Bonview Ave Lincolnton, NC 28092

    Sponsored
    For Sale
    $3,950,000

    Historic mill, renovated, owner-user ideal.

    Property size:
    135,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional industrial property, located at 215 Bonview Avenue in Lincolnton, North Carolina, presents a unique investment opportunity. The historic Sparty Mill, a 135,000 to 150,000 square foot building with 113,592 square feet of net rentable space, offers significant value-add potential. Originally built in 1920 and extensively renovated in 2022, this two-story structure boasts a new TPO roof with an 18+ year warranty, updated plumbing, electrical systems, fire sprinklers, and a keyless entry system. The $4 million+ renovation also included new windows, freight doors, and ADA-compliant features such as handicap parking, ramps, bathrooms, and water fountains. The property sits on 4.9 to 5.1 acres and includes 100 parking spaces and four dock-high doors. Ceiling heights range from 14 to 16 feet. The building is currently vacant and zoned GMC, making it suitable for a variety of uses. Its location within the Charlotte MSA, less than two miles from Highway 321 and under 37 miles from Charlotte, provides excellent accessibility. The property's historic designation opens doors to potential tax credits, including the Historical Tax Credit and New Market Tax Credit. The building features heavy power with 227/480 3-phase 400-amp service. This fee-simple ownership opportunity is perfect for an owner-user seeking a well-maintained, historically significant industrial space. The APN is 00602.

    Property Features for 215 Bonview Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    135,000 SF
    Class
    C
    Lot Size
    213,444 SF

    Building Details

    Year Built/Renovated
    1920/2022
    Buildings
    1
    Stories
    2

    HighLights

    • Historic Sparty Mill in Charlotte MSA; $4M+ in recent renovations.
    • Extensive renovations include new plumbing, electrical, fire sprinklers, and security system.
    • Registered historic property; eligible for 20% Historic Tax Credit and 39% New Market Tax Credit over 7 years.
    • New energy‑efficient TPO roof with 18+ year warranty.
    • Value‑add opportunity; ideal for owner‑user.
    • Excellent location: <2 miles from Hwy 321, <37 miles from Charlotte.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnton
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.260785379011
    Latitude
    35.473569243676

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    FAQs

    What type of property is this?
    Distribution property - Historic mill, renovated, owner-user ideal.
    Where is this distribution property located?
    The property is located at 215 Bonview Ave Lincolnton, NC.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: Historic Sparty Mill in Charlotte MSA; $4M+ in recent renovations.; Extensive renovations include new plumbing, electrical, fire sprinklers, and security system.; Registered historic property; eligible for 20% Historic Tax Credit and 39% New Market Tax Credit over 7 years.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 Bonview Ave Lincolnton, NC 28092
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