Property profile

1 Water St Old Fort, NC 28762

OFF-MARKET
Warehouses
650,000 SF 64.18 ac lot
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Property summary

AI-generated overview

This exceptional Old Fort, NC industrial property, located at 1 Water Street, offers ±650,000 square feet of warehouse and flex space for lease. The single-story building features ceiling heights ranging from 14 to 21 feet, providing ample vertical storage capacity. Leasing options are available for spaces ranging from 50,000 to 500,000 contiguous square feet, catering to a variety of business needs. The property sits on a substantial 64.18-acre lot, offering significant expansion potential. Conveniently located less than a mile from I-40 and within a 30-minute drive of Asheville, this location provides excellent access to major transportation routes. The property includes 25 total parking spaces and 8 drive-in doors for efficient loading and unloading. This Class C building presents a unique opportunity for businesses seeking flexible, spacious industrial storage in a strategic location within McDowell County, NC. The property's size and location make it ideal for distribution, warehousing, or light manufacturing operations. Further details are available upon request.

Property profile

Verified
Property type Warehouses
Total area 650,000 SF
Lot 64.18 ac (2,795,681 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company
  • Warehouse & Storage
  • (Bike/Boat/Book/etc) Store

Location

1 Water St Old Fort, NC 28762
Old Fort metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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