320 Newsome Rd King, NC 27021
This exceptional 2.3-acre industrial property, located at 320 Newsome Road in King, North Carolina, presents a unique investment opportunity. Previously utilized as a cement plant, the site offers significant potential for redevelopment or repurposing. The expansive acreage provides ample space for various industrial uses, allowing for substantial expansion or the construction of new facilities. The property's location in King, NC offers convenient access to major transportation routes, facilitating efficient logistics and distribution. While the square footage of existing structures is not currently specified, the substantial land area allows for significant building potential. The asking price of $299,000 represents a compelling value for a property of this size and potential in a growing market. This property is ideal for entrepreneurs seeking a large-scale industrial site for a new venture or established businesses looking to expand their operations. The history of the site as a cement plant provides a solid foundation for various industrial applications, and the ample land allows for flexibility in design and development. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding the site's history and potential uses are available upon request. This is a rare opportunity to acquire a significant industrial property in a desirable location at an attractive price point.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.