This expansive 700,000-square-foot industrial facility, situated on 54.36 acres in Wallace, North Carolina, presents a significant investment opportunity. The single-story building, constructed in 1951 and renovated in 1971, offers a flexible layout suitable for various uses including warehouse, manufacturing, distribution, and R&D. Currently, 450,000 square feet is available, divisible into minimum 10,000-square-foot spaces, with a maximum contiguous space of 150,000 square feet. The property boasts 30-foot ceilings, 13 dock-high doors, 7 loading docks, 3 drive-ins, and ample parking for 450 vehicles. Conveniently located on 601 Old Wilmington Rd, with 2000 feet of frontage on NC 117 and near East Carter Street, this Class C property benefits from its strategic location within Foreign-Trade Zone #214. Its proximity to major transportation arteries, including CSX Railroad, the Port of Wilmington (44 miles), ILM International Airport (39 miles), and Interstates 40 and 95, ensures efficient logistics. Municipal water and sewer services are available, along with an internal road loop and truck courts. The property's zoning is Industrial, and its APN is #330500478561 / #330500488011. This location offers access to a substantial workforce, with over 54 million people within a 400-mile radius.
Property Features for 601 Old Wilmington Rd
General Information
Property type
Life science properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
700,000 SF
Class
C
Total Rate
175000
Building Details
Year Built/Renovated
1951/1971
Buildings
1
Stories
1
Unit(s) available at that property
Space
South Offices
Size
15,000 SF
Rate per SF
$8
Space
D6-E
Size
30,000 SF
Rate per SF
$3
Space
D7-C
Size
4,500 SF
Rate per SF
$4
Space
D7-A
Size
82,000 SF
Rate per SF
$3
Space
D2-A
Size
75,000 SF
Rate per SF
$4
Space
North Offices
Size
15,000 SF
Rate per SF
$8
Space
D7-B
Size
26,000 SF
Rate per SF
$3
Space
D 5
Size
150,000 SF
Rate per SF
$4
Space
D6-D
Size
108,000 SF
Rate per SF
$4
Space
D6-A
Size
14,000 SF
Rate per SF
$3
HighLights
150,000 SF of industrial space available for lease in District 5.
Ample employee and truck parking with gated, fenced, and paved lot, including lighting.
Life science property - 700,000 SF Warehouse, Prime Location
Where is this life science property located?
The property is located at 601 Old Wilmington Rd Wallace, NC.
What is the lease rate?
The lease rate is $3-$8 SF/Yr.
What are key features of this property?
This property features: 150,000 SF of industrial space available for lease in District 5.; Ample employee and truck parking with gated, fenced, and paved lot, including lighting.; Building features five dock-high doors.
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601 Old Wilmington Rd Wallace, NC 28466
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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.
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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
601 Old Wilmington Rd Wallace, NC 28466
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601 Old Wilmington Rd, Wallace, NC
Frank Efird Jr.
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601 Old Wilmington Rd, Wallace, NC
Frank Efird Jr.
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601 Old Wilmington Rd, Wallace, NC
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601 Old Wilmington Rd, Wallace, NC
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601 Old Wilmington Rd, Wallace, NC
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601 Old Wilmington Rd, Wallace, NC
Frank Efird Jr.
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