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    312 Luther Ave Liberty, NC 27298

    For Sale
    $4,850,000

    50,000 SF Multi-Use Warehouse, Great Location

    Property size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 50,000-square-foot industrial property in Liberty, North Carolina, presents a unique owner-user opportunity. Situated on a five-acre lot, this single-tenant facility boasts two one-story buildings, each offering 25,000 square feet of versatile space. Built in 1945 and currently 100% occupied, the property features six loading docks and ten dock-high doors, ensuring efficient operations. The 17-foot ceiling height provides ample storage and maneuverability. The property is zoned MULTI, allowing for diverse uses. All heavy utilities are installed, and the facility is fully sprinklered with three zones, facilitating easy expansion. This prime location is just four miles from the new Toyota Megasite, scheduled to be operational in mid-2025, offering significant long-term growth potential. The asking price is $4,850,000, translating to $97 per square foot. This is a rare opportunity to acquire a well-maintained, strategically located industrial property with significant upside potential. The property is offered for sale by owner.

    Property Features for 312 Luther Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    50,000 SF
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1945
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • For Sale by Owner.
    • Contact: [email protected] or 201‑851‑1000.
    • Four miles from the Toyota Mega Site.
    • Multi‑use zoning.
    • Abundant power and all utilities available.
    • Fully sprinklered fire protection system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Liberty
    County
    Randolph
    State
    North Carolina
    Longitude
    -79.576926887769
    Latitude
    35.860730015439

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    FAQs

    What type of property is this?
    Distribution property - 50,000 SF Multi-Use Warehouse, Great Location
    Where is this distribution property located?
    The property is located at 312 Luther Ave Liberty, NC.
    What is the asking price?
    The asking price for this property is $4,850,000.
    What are key features of this property?
    This property features: For Sale by Owner.; Contact: [email protected] or 201-851-1000.; Four miles from the Toyota Mega Site.
    Request Owner's contact information
    312 Luther Ave Liberty, NC 27298
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    Liberty, NC 27298
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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
    312 Luther Ave Liberty, NC 27298
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