3562 Old Catawba RdClaremont, NC 28610

Property Details for 3562 Old Catawba Rd

Year built

1981

Construction

WOOD

Lot size

2.88 AC

Property size (Sq ft)

19,870 SF

Zone code

M-1

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

3762-20-70-9130

APU

376220709130

Description

This exceptional Claremont, NC industrial property offers a compelling investment opportunity. The 19,000-square-foot warehouse, built in 1981 and extensively renovated in 2021, boasts a 100% occupancy rate across three units. The property features seven loading docks (six dock-high), varying ceiling heights (11-13 feet), and ample space for tractor-trailers. Recent upgrades include a new roof (2021) with a transferable warranty, and new HVAC systems (2021) in Units A & D. The well-maintained building, constructed of concrete cinder block with sprayed foam insulation, has withstood significant weather events. The property sits on a 4.49-acre lot, including a 1.51-acre vacant lot suitable for expansion, zoned M-1 for warehouse/storage use. The current Net Net (NN) leases generate a strong NOI of $83,220, resulting in an attractive 8.36% cap rate. The asking price is $995,000, representing a price per square foot of $52.37 and a price per unit of $331,667. The property's strategic location, just two miles from Interstate 40, provides excellent access to major transportation routes. Detailed unit breakdowns are available upon request, including lease terms and specific square footage for each unit. This is a stabilized, value-add investment with significant potential for future growth. The property's robust construction, recent renovations, and strong tenant occupancy make it an ideal addition to any investment portfolio.

Location Insight

City

Claremont

County

Catawba

State

North Carolina

Latitude

35.7099

Longitude

-81.1294

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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