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    FOR SALE
    Warehouses

    211 S Canal St, Whiteville, NC 28472

    68,160 SF Built 1950
    Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-4488210
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two industrial warehouse buildings totaling over 210,000 square feet situated on a 5.53-acre lot in Whiteville, North Carolina. The property comprises two buildings: one at 503 S Canal Street boasting over 142,000 square feet, and another at 211 S Canal Street offering over 68,000 square feet. Both buildings are zoned for commercial use and were constructed in 1950. This versatile property is ideally suited for a range of industrial, warehouse, and distribution uses, including agricultural storage, grain handling, equipment storage, sorting, assembly, and distribution operations. The property's strategic location offers significant advantages. It's conveniently located within Foreign Trade Zone #214, a mere 48 miles from the NC Port of Wilmington and ILM International Airport, and just 33 miles from I-95. This prime location provides easy access to major transportation arteries and facilitates efficient logistics. North Carolina's status as a "Right to Work" state further enhances the property's appeal. Additionally, a 2.8-acre cleared lay-down yard is available for purchase across the street from 503 S Canal Street, providing ample space for a truck court and weighing station, potentially incorporating a 72-foot electronic truck scale for eighteen-wheelers. The property benefits from the availability of county and state incentives and financing options, making it an even more attractive investment prospect. The location within an Opportunity Zone further enhances its investment potential. The asking price for this significant industrial portfolio is $2,500,000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1950
    Construction WOOD
    Total area 68,160 SF
    APN 0291.03-10-7336.000
    UPID US53-4488210
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $990k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.35M
    Blend (final) Blend
    $1.17M
    Owner & transaction history
    Donald Ray Long · 7 yrs held
    Donald Ray Long
    since 2019
    1 recorded transaction
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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