Property profile

840 Complex St Lenoir, NC 28645

OFF-MARKET
Warehouses
492,000 SF 25.78 ac lot Built 1970
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Property summary

AI-generated overview

This exceptional 492,000-square-foot industrial warehouse, located at 840 Complex Street Southwest in Lenoir, North Carolina (zip code 28645), presents a compelling value-add investment opportunity. The property, situated on 25.78 acres and zoned I-2 Heavy Industrial, boasts a single-story design built in 1970 and extensively renovated in 2021. The building features a new membrane roof (2022), energy-efficient LED lighting, and ESFR sprinkler coverage throughout. High ceilings (20 feet clear) and a column spacing of primarily 46' x 30' provide ample space for efficient operations. Loading is facilitated by 98 dock-high doors (98' x 9', with hydraulic levelers, seals, and lights), eight additional 10' x 10' dock-high doors, one 18' x 32' drive-in door, and four 12' x 16' drive-in doors. The building is conveniently divided by a firewall into approximately 308,160 and 179,760 square-foot sections. Currently vacant, the property is available for occupancy on December 31, 2024, offering significant potential for a wide range of industrial and distribution uses. The asking price is $27,060,000. This property represents a rare opportunity to acquire a substantial, well-maintained warehouse in a strategic location.

Property profile

Verified
Property type Warehouses
Year built 1970
Total area 492,000 SF
Lot 25.78 ac (1,122,977 SF)

Cap rate & NOI

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

Location

840 Complex St Lenoir, NC 28645
Lenoir 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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