110 Piper Ln Salisbury, NC 28147
- Warehouses
- 59,800 SF
- 12.03 lot acres
Current Use by Public Records
- Warehouses
Property Details for 110 Piper Ln
- Year built
- 1920
- Lot size
- 12.03 lot acres
- Property size
- 59,800 SF
- Zone code
- SPLJ
- Property type
- Warehouses
- APN
- 471 036
- APU
- 471036
Description
This exceptional income-producing commercial property, located at 110 Piper Lane in Salisbury, NC, presents a compelling investment opportunity. The 12.03-acre site includes two industrial/warehouse buildings totaling 70,000 square feet, situated on 9.73 acres, with an additional 2.3 acres of excess land boasting 337 feet of frontage along S. Main St. (US-29). Its convenient location offers easy access to I-85 (1.7 miles away) and proximity to the Mid-Carolina Regional Airport. Currently 100% occupied by a mix of local and national tenants under short-term, flexible modified gross leases, this property offers significant upside potential. Below-market rents, averaging $1.97 per square foot annually, provide a strong foundation for future growth. Building 130, constructed in 1920 and renovated in 1974, comprises 60,000 square feet across four bays, leased to three warehouse tenants. This brick structure features seven dock-high doors, four drive-in doors, clear heights up to 20 feet, and office space. Building 110, a 10,000-square-foot structure built in 1929, houses an auto service tenant and includes two overhead drive-in doors. The property is zoned LI-Light Industrial, allowing for a wide range of permissible uses. An August 2024 appraisal is available for qualified buyers. This property is part of a larger family-owned portfolio of income-producing properties in Salisbury.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.5221
- Latitude
- 35.6331
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
