Property profile

57 Mills River Rd Mills River, NC 28759

OFF-MARKET
Warehouses
2,400 SF 0.38 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional Mills River, NC commercial property, located at 57 S Mills River Rd, presents a compelling investment opportunity. The 2,400 square foot building, constructed in 1974, sits on a 0.38-acre lot and is zoned MRMU (Mills River Mixed Use), allowing for diverse business applications. The single-story structure features a 12-foot ceiling height, providing ample vertical space. Two 12-foot-high drive-in doors, complemented by an existing car lift, enhance functionality and accessibility. The property includes a bathroom with a shower. This versatile space is ideal for a variety of uses, including creative office, traditional office, or warehouse operations. Its convenient location in Mills River, NC (zip code 28759) offers easy access to local amenities and transportation routes. The property's features, zoning, and location combine to create a strong investment prospect with significant potential for return. The APN is 9631562485. This is a rare opportunity to acquire a well-maintained industrial property in a thriving area. The asking price is $308,400.

Property profile

Verified
Property type Warehouses
Year built 1974
Total area 2,400 SF
Lot 0.38 ac (16,553 SF)

Cap rate & NOI

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

Location

57 Mills River Rd Mills River, NC 28759
Mills River metro
Google Maps

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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