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Property profile & analytics
OFF-MARKET
Industrial properties

619 Connelly Springs Rd Lenoir, NC 28645

21 ac lot Built 1907
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Year built 1907
Lot 21 ac (914,760 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Accident Injury Attorneys Greene Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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