Property profile

9700 Nc Hwy 194 Hwy Lansing, NC 28643

OFF-MARKET
Commercial real estate
10,700 SF 0.55 ac lot Built 1968
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Property summary

AI-generated overview

This expansive 10,700 square foot commercial property, situated on a 0.55-acre lot at 9700 NC Hwy 194 Highway in Lansing, NC, presents a unique investment opportunity. Previously utilized as a school gymnasium and apparel manufacturing facility, the building offers endless possibilities for a variety of uses. The sturdy brick and cinder block construction, built on a cement foundation, ensures durability and longevity. Inside, the high ceilings (18 feet) and abundant natural light from skylights create a spacious and inviting atmosphere. Key features include a full-size basketball court, a performing stage, two dressing rooms equipped with multiple showers and sinks, and a lobby concession area. The property also benefits from city water and sewer connections, as well as readily available fiber optics. Exterior features include paved parking, over 300 feet of road frontage, and a semi-truck loading dock with convenient interior access. This versatile space is ideal for manufacturing, storage, warehousing, housing development, recreational activities, or an entertainment venue. The strategic location and extensive amenities make this property a compelling investment opportunity with significant upside potential. The asking price is $399,000.

Property profile

Verified
Property type Commercial real estate
Year built 1968
Total area 10,700 SF
Lot 0.55 ac (23,958 SF)

Cap rate & NOI

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

Location

9700 Nc Hwy 194 Hwy Lansing, NC 28643
Lansing 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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