Current Use by Public Records
- Warehouses
Property Details for 2101 Main Ave
- Year built
- 1898
- Lot size
- 7.72 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional redevelopment opportunity presents a 7.72-acre industrial site in Newton, North Carolina, ideally located four miles from I-40 and an hour north of Downtown Charlotte via NC 16. The property includes a historic textile mill complex, constructed between 1898 and 1966, encompassing three buildings with a total square footage ranging from 100,000 to 150,000 square feet, and featuring 2 stories and ceiling heights of 12-19 feet. The property is zoned M1, offering significant flexibility for redevelopment. While the mill buildings require substantial renovation, including new mechanical systems and roofing, the asking price reflects the land value, presenting a compelling investment opportunity. The property benefits from its proximity to a thriving manufacturing sector and a growing residential suburb of the Charlotte/Hickory metro area. Renovation will be required, including complete mechanical system upgrades and roof replacement for most of the structure. This is a unique chance to acquire a large industrial site with significant potential in a rapidly developing area. The 1981 renovation provides a solid foundation for a comprehensive redevelopment project.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hickory
- County
- Catawba
- State
- North Carolina
- Longitude
- -81.2175
- Latitude
- 35.6843
