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    350 Henredon Rd Spruce Pine, NC 28777

    Sponsored
    For Sale
    $652,000

    6-Acre Warehouse, $652,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,388-square-foot industrial warehouse, situated on a 6.03-acre lot in Spruce Pine, North Carolina, presents a unique investment opportunity. Built in 1980, the property boasts significant features including approximately 10,039 square feet of clear floor space at 13'5" and 2,349 square feet at 16'8". The warehouse benefits from a robust infrastructure, including a 6" insulated EPDM roof, loose-fill granular insulation, block construction, and four ceiling heaters. Heating is provided by natural gas, and the electrical system features 480-volt service with transfer to 223-phase and 110, a 600-amp circuit/600kva (non-oil) system, two panel boards, and two 480-volt disconnects. Additional features include security lighting and a 700hp exhaust fan. Fiber optic connectivity is available. The property includes a 5" drained pad with a slope, multiple drive-in doors of varying sizes (one 14'h x 12'w, one 12'h x 9'8"w, and one 9'10"h x 9'11"w), a covered trailer-height dock with a hydraulic loading ramp, and additional covered outdoor storage. Ample parking is available with approximately 30 spaces. The property also features an 8" water main, two city fire hydrants, and a sedimentation pond with an oil separator. The location offers freedom from city limits and zoning restrictions, allowing for easy reconfiguration to suit various needs. The property is conveniently located on a paved road and is fully fenced and gated.

    Property Features for 350 Henredon Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    262,667 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Spruce Pine
    County
    Mitchell
    State
    North Carolina
    Longitude
    -82.0057142
    Latitude
    35.9020262

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    Nearby Similar for Sale

    • $595,000
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      Spruce Pine Warehouse/Industrial Property

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    FAQs

    What type of property is this?
    Distribution property - 6-Acre Warehouse, $652,000
    Where is this distribution property located?
    The property is located at 350 Henredon Rd Spruce Pine, NC.
    What is the asking price?
    The asking price for this property is $652,000.
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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
    350 Henredon Rd Spruce Pine, NC 28777
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