211 S Canal St, Whiteville, NC 28472
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
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.