619 Connelly Springs Rd Lenoir, NC 28645
This exceptional 21-acre industrial site presents a compelling investment opportunity in Lenoir, North Carolina. Strategically positioned between Hibriten Drive and Connelly Springs Road, this property enjoys unparalleled access to major transportation arteries. It's situated less than one mile from US Highway 321 and one mile from Southwest Boulevard, ensuring seamless logistics and distribution capabilities. The property is zoned for heavy industrial use, offering a wide range of development possibilities. Essential utilities are readily available, including natural gas, city water, sewer, and electricity, simplifying the development process and minimizing upfront infrastructure costs. Furthermore, a comprehensive environmental Phase I assessment, facilitated by the City of Lenoir Brownfield Grant, has confirmed the site's environmental suitability, eliminating potential remediation concerns. This clean environmental record significantly reduces risk and accelerates the development timeline. The expansive acreage provides ample space for large-scale industrial projects, warehousing, manufacturing facilities, or other suitable heavy industrial uses. This prime location and the availability of utilities make this a truly exceptional opportunity for businesses seeking a strategic foothold in a thriving industrial market. The asking price is $575,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.