1 Water St Old Fort, NC 28762
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.
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Colonial Freight Systems Trucking Company
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Columbia forest product Warehouse & Storage
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Rhinehart Outdoor & Marine (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.