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    OFF-MARKET
    Industrial properties

    99999 Mill Rd, Marion, NC 28752

    7 ac lot Built 1997
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses a seven-acre parcel in Marion Business Park, featuring over ten substantial metal and wood buildings. Building sizes range from a generous 2,000 square feet to an expansive 8,000 square feet, providing significant flexibility for a variety of uses. In addition to the primary structures, the property includes three smaller storage buildings and three larger sheds, presenting further development potential for additional rental income. The property's current configuration offers a blend of existing income streams and future expansion possibilities. Six of the ten main buildings are equipped with both heating and air conditioning systems, while all buildings have heating. The office building is currently vacant, awaiting a tenant once the seller's personal belongings are removed. The property's zoning designation is C-2, ensuring access to essential utilities. A significant advantage is the inclusion of a one-acre-plus build-ready lot, ideally situated adjacent to Popeyes and a soon-to-open Starbucks, offering prime visibility and accessibility. The asking price is notably lower than comparable lots in the park that lack the extensive site work already completed on this property. This presents a compelling investment opportunity with diverse potential uses, including a large retail facility, motel, multi-tenant storage, or single-user industrial facilities. The property's durability, low maintenance requirements, and adaptable building sizes contribute to its long-term value and appeal.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1997
    Lot 7 ac (304,920 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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