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Property profile

242 Elm St Kings Mountain, NC 28086

OFF-MARKET
Warehouses
190,000 SF Built 1941
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Property summary

AI-generated overview

This exceptional Kings Mountain, NC industrial property, known as Mauney Mill, offers a diverse range of flex and warehouse spaces, ideal for various business needs. Situated on a 5.13-acre lot at 242 Elm St, this Class C property boasts 190,000 total square feet across two buildings with three stories. Units range from a minimum of 1,000 square feet to a maximum contiguous space of 55,000 square feet, catering to businesses of all sizes. Built in 1941 and extensively renovated in 2023, the property features various ceiling heights (10-20 feet, clear heights 8-15 feet), offering flexibility in layout and use. While some spaces accommodate pallet jacks and light warehousing, a 55,000 sq ft area is forkliftable. Amenities vary by unit and may include dedicated or shared parking, bathrooms, loading docks, and offices. Two of the three floors are street level. The property includes a wet sprinkler system throughout. The larger 55,000 sq ft space offers a fully conditioned lower floor and a heated upper floor with office space, boasting ceiling heights of 15-22 feet (clear heights 10.5-16 feet). Column grids vary across warehouse areas (32x49, 24x31, and 31x31). The property is zoned LI (Light Industrial) and is located in the Charlotte submarket of Cleveland County, NC (APN 8009, Zip 28086). Spaces can be customized to meet tenant requirements.

Property profile

Verified
Property type Warehouses
Year built 1941
Total area 190,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

242 Elm St Kings Mountain, NC 28086
Kings Mountain metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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