2920 Lee Ave, Sanford, NC 27332-6208
This exceptional 9,000-square-foot industrial property, situated on a 1.9-acre lot, presents a unique investment opportunity. The property features two separate warehouse buildings totaling 9,000 square feet. Warehouse 1 boasts 4,000 square feet with six convenient drive-in doors, while Warehouse 2 offers 3,000 square feet and four drive-in doors. A significant advantage is the inclusion of approximately one acre of secure lay-down yard space, ideal for equipment storage or material staging. The property also includes a turnkey office and showroom area, enhancing its versatility. Built in 1973, the property is zoned C-2, allowing for a wide range of commercial uses. The property's location on Lee Avenue benefits from high visibility and significant traffic, with a daily vehicle count of 6,800. The Assessor's Parcel Number (APN) is 9651-68-7716-00. Tenancy is single. The lease rate is $18.00 per square foot, NNN, with a TICAM of $1.75 per square foot. This property offers a compelling combination of space, functionality, and location, making it an ideal choice for a variety of businesses. Ten drive-in doors provide excellent access and efficiency.
-
His Amazing Grace Charitable Organization Social Service Agency
-
Joe's garage of Sanford Auto Repair Shop
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
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.