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Property profile

313 New Cut Rd Lexington, NC 27292

OFF-MARKET
Warehouses
220,000 SF 74 ac lot
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Property summary

AI-generated overview

This exceptional 74-acre property in Lexington, NC, presents a rare investment opportunity. The site boasts approximately 220,000 square feet of industrial buildings and warehouse space, ideal for manufacturing or warehousing operations. The property includes a rail spur, ensuring efficient shipping and logistics. Robust utilities are in place, featuring a substantial 3-megawatt power capacity, natural gas, and both private and public sewer systems. Adding to its appeal, a 20,000-gallon fuel tank is on-site. The buildings are heated, providing year-round operational comfort. Further enhancing the potential, an additional approximately 32 acres of unimproved wooded land is available, providing ample room for expansion or future development. This industrial-zoned land offers significant potential for growth and diversification. Located at 313 New Cut Rd, and 7578 East US Hwy 64, Lexington, NC 27292, this property offers convenient access to major transportation routes. Public water is also available. This is a prime opportunity to acquire a well-positioned asset in a high-demand industrial location. Don't miss this chance to secure a significant industrial holding.

Property profile

Verified
Property type Warehouses
Total area 220,000 SF
Lot 74 ac (3,223,440 SF)

Cap rate & NOI

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

Location

313 New Cut Rd Lexington, NC 27292
Lexington metro
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Value estimations

Realmo proprietary · 4 methods
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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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