2701 Simpson St Monroe, NC 28112-4120
This exceptional turnkey industrial property, located at 2701 Simpson Street in Monroe, North Carolina, presents a unique investment opportunity. The facility boasts a substantial 87,615 square feet of space, ideally suited for food production and cold storage operations. Built in 1950 and extensively renovated in 2019, the property offers a blend of established infrastructure and modern upgrades. The building features six dock-high doors for efficient loading and unloading, and ceiling heights ranging from 10 to 21 feet, providing ample vertical space for various operational needs. Situated on approximately 30.54 acres, this expansive site includes a valuable on-site wastewater treatment facility, minimizing operational costs and environmental impact. The property's location in Union County, North Carolina, offers convenient access to major transportation routes, enhancing logistical efficiency. The property is identified by APN numbers 09118004 70 & 09118004 60 and is zoned for industrial use. The property's size, features, and strategic location make it an attractive option for businesses seeking a well-maintained, fully functional industrial space. The asking price has been recently reduced, presenting a compelling opportunity for discerning investors. This is a rare chance to acquire a fully operational, high-capacity industrial facility in a desirable location.
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DiscoverFresh Foods (Formerly Duke Foods) Distribution Center Logistics Company
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
G-I MONROE · Monroe, NCCosts & 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.