Current Use by Public Records
- Warehouses
Property Details for 449 Virginia St
- Year built
- 1968
- Lot size
- 5.50 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 136,000 square foot industrial property, located at 449 Virginia Street in Lenoir, North Carolina, presents a unique investment opportunity. Situated on a 5.5-acre lot in Caldwell County (zip code 28690), this single-building facility boasts a diverse layout ideal for various industrial uses. Originally constructed in 1968 and extensively renovated in 2017, the building features multiple ceiling heights (30', 20', and 16'), five loading docks, and ample parking for 100 vehicles. The property is zoned for industrial use and offers a net lease tenancy structure. The building's history includes use as a dry kiln and lumber receiving section for a former furniture manufacturer, with a detached section featuring large drive-in doors. While requiring complete renovation, this presents a significant cost advantage, offering below-market pricing for a substantial space. This property is located in an Opportunity Zone, adding further investment appeal. The multi-tenant structure provides flexibility for various business models. This is a rare chance to acquire a large-scale industrial property with significant potential for redevelopment and substantial return on investment. The property's size, location, and zoning make it suitable for a wide range of industrial and manufacturing operations. Don't miss this chance to secure a prime industrial asset in a thriving North Carolina location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Valdese
- County
- Caldwell
- State
- North Carolina
- Longitude
- -81.5706
- Latitude
- 35.7394
