215 Bonview Ave Lincolnton, NC 28092
- Warehouses
- 87,437 SF
- 4.92 lot acres
Current Use by Public Records
- Warehouses
Property Details for 215 Bonview Ave
- Year built
- 1905
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.92 lot acres
- Property size
- 87,437 SF
- Zone code
- GMC CU
- Property type
- Warehouses
- APN
- 602
- APU
- 602
Description
This exceptional industrial property, located at 215 Bonview Avenue in Lincolnton, North Carolina, presents a unique investment opportunity. The historic Sparty Mill, a 135,000 to 150,000 square foot building with 113,592 square feet of net rentable space, offers significant value-add potential. Originally built in 1920 and extensively renovated in 2022, this two-story structure boasts a new TPO roof with an 18+ year warranty, updated plumbing, electrical systems, fire sprinklers, and a keyless entry system. The $4 million+ renovation also included new windows, freight doors, and ADA-compliant features such as handicap parking, ramps, bathrooms, and water fountains. The property sits on 4.9 to 5.1 acres and includes 100 parking spaces and four dock-high doors. Ceiling heights range from 14 to 16 feet. The building is currently vacant and zoned GMC, making it suitable for a variety of uses. Its location within the Charlotte MSA, less than two miles from Highway 321 and under 37 miles from Charlotte, provides excellent accessibility. The property's historic designation opens doors to potential tax credits, including the Historical Tax Credit and New Market Tax Credit. The building features heavy power with 227/480 3-phase 400-amp service. This fee-simple ownership opportunity is perfect for an owner-user seeking a well-maintained, historically significant industrial space. The APN is 00602.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $195,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $195,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $160,000
- Retail
- $150,000
- Mixed-Use
- $150,000
- Hospitality
- $170,000
- Educational
- $180,000
- Residential Income
- $170,000
- Energy
- $165,000
- Income-Based Land
- $200,000
- Food Service
- $170,000
Location Insight
- Map
- Local Demand
- City
- Lincolnton
- County
- Lincoln
- State
- North Carolina
- Longitude
- -81.2603
- Latitude
- 35.4733
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
