Property profile

212 Nuway Packing Dr Forest City, NC 28043

OFF-MARKET
Warehouses
180,000 SF 31.65 ac lot Built 1984
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Property summary

AI-generated overview

This exceptional 180,000-square-foot Class B industrial warehouse, located at 212 Nuway Packing Road in Forest City, North Carolina, presents a unique owner-user opportunity. Built in 1984 and situated on a substantial 31.65-acre lot (APN 1627823), this single-story facility boasts a rich history in food processing. Previously utilized as a frozen food manufacturing plant, the property underwent significant renovations in 2012, encompassing ceiling and floor replacements, electrical upgrades, and the modernization of approximately 30,000 square feet of freezer and cooler space. The building features three loading docks and one dock-high door, facilitating efficient operations. Zoned M1, this property benefits from its strategic location, providing easy access to major interstates (I-26, I-85) and Route 73, placing key markets like Atlanta, Raleigh, and Charlotte within a two-day trucking radius. The substantial infrastructure and recent upgrades make this a compelling investment for businesses seeking a well-maintained, spacious facility in a thriving industrial area of Rutherford County. The asking price is $8,000,000.

Property profile

Verified
Property type Warehouses
Year built 1984
Total area 180,000 SF
Lot 31.65 ac (1,378,674 SF)

Cap rate & NOI

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

Location

212 Nuway Packing Dr Forest City, NC 28043
Forest City 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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