2907 Lee Ave Sanford, NC 27330
- Manufacturing properties
- 25,517 SF
- 4.46 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 2907 Lee Ave
- Year built
- 1970
- Lot size
- 4.46 lot acres
- Property size
- 25,517 SF
- Zone code
- LIGHT INDUSTRIAL
- Property type
- Manufacturing properties
- APN
- 9651-78-5149-00
- APU
- 965178514900
Description
This exceptional 25,754-square-foot industrial warehouse, situated on a generous 4.46-acre lot in Sanford, North Carolina, presents a compelling investment opportunity. The single-tenant building boasts a 14-foot ceiling height, providing ample vertical space for storage or manufacturing operations. The property features one loading dock and one drive-in door, ensuring efficient loading and unloading. Power is supplied by an 800 AMP, 3-phase system, capable of supporting a range of industrial needs. Recently upgraded, the warehouse includes new dock doors and improved lighting, along with a functional office area. The property is zoned LI (Light Industrial), making it suitable for a variety of uses. Its strategic location on Lee Avenue offers convenient access to major transportation arteries, including Highway 421 (leading to Lillington), Highway 87 (connecting to Fayetteville and I-95), and the 421 bypass, providing a smooth route to US 1 and the Raleigh-Durham area. The property's proximity to Sanford's vibrant retail sector, with its numerous restaurants and large retailers, adds to its appeal. This warehouse is ideally positioned for businesses seeking efficient operations and convenient access to key transportation networks and local amenities. The entire 25,754 square feet is currently vacant, offering immediate occupancy for the new owner. This is a rare opportunity to acquire a well-maintained, strategically located industrial property in a thriving market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $790,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $730,000
- 6.5%
- $710,000
- 7%
- $650,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $665,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $645,000
- Retail
- $595,000
- Mixed-Use
- $670,000
- Hospitality
- $580,000
- Educational
- $700,000
- Residential Income
- $585,000
- Energy
- $610,000
- Income-Based Land
- $760,000
- Food Service
- $775,000
Location Insight
- Map
- Local Demand
- City
- Sanford
- County
- Lee
- State
- North Carolina
- Longitude
- -79.1424
- Latitude
- 35.4486
- CBSA code
- 41820
- CBSA name
- SANFORD, NC MICROPOLITAN STATISTICAL AREA