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    FOR SALE
    Warehouses

    215 Bonview Ave, Lincolnton, NC 28092

    87,437 SF 4.92 ac lot Built 1905
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-0892714
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1905
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 87,437 SF
    Lot 4.92 ac (214,402 SF)
    Zoning code GMC CU
    APN 602
    UPID US53-0892714
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Edisto Loan Fund LLC · 1 yrs held
    Edisto Loan Fund LLC
    since 2024
    Last sale
    $200,000
    6 recorded transactions
    2024
    $3.7M
    2024
    2023
    2022
    2021
    2020
    $200,000
    Zoning & alternative use
    GMC CU · Lincolnton, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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