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    OFF-MARKET
    Warehouses

    2909 Jefferson Davis Hwy, Sanford, NC 27332-7113

    9,200 SF 3.33 ac lot Built 1977
    Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-2892792
    Property summary
    AI-generated overview

    This exceptional light industrial property, located at 2909 Jefferson Davis Highway in Sanford, North Carolina, presents a compelling investment opportunity. The property encompasses a total of 9,207 square feet situated on a one-acre lot, conveniently located on US 1. The property consists of two interconnected warehouses. The first warehouse offers a blend of office and warehouse space, totaling 6,079 square feet, and includes two restrooms. The second warehouse provides 3,128 square feet of open warehouse space, a single restroom, and a convenient loading dock. Built in 1977, this property benefits from three-phase power, a significant advantage for many industrial operations. The property utilizes a septic tank system and is connected to public water. The permitted zoning is light industrial, offering flexibility for a variety of uses. This well-maintained property is ready for immediate occupancy and presents a strong return on investment. The property's strategic location and functional layout make it an ideal choice for businesses seeking efficient and versatile warehouse space in a thriving area. The asking price is $1,800,000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1977
    Total area 9,200 SF
    Lot 3.33 ac (145,055 SF)
    Zoning code HIGHWAY COMMERCIAL
    APN 9630-27-6451-00
    UPID US53-2892792
    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
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    by Request
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    Owner & transaction history
    Michael Lucas Cranford · 3 yrs held
    Michael Lucas Cranford
    since 2022
    Last sale
    $360,000
    1 recorded transaction
    2022
    $360,000
    Zoning & alternative use
    HIGHWAY COMMERCIAL · Sanford, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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