400 Oakland Dr Lowell, NC 28098

Property Details for 400 Oakland Dr

Year built

1985

Lot size

2.21 lot acres

Property size

19,100 SF

Property type

Distribution centers

Description

This exceptional investment opportunity presents a two-building industrial warehouse complex situated on a 2.21-acre lot in Lowell, North Carolina, within Gaston County. The property, located at 400 Oakland Dr, boasts a total of 19,100 square feet of warehouse space, offering a compelling combination of size and functionality. Built in 1985, the single-story buildings feature 16-foot ceiling heights, three loading docks, and one dock-high door, catering to efficient logistics and operations. Currently operating under a multi-tenant lease, the property generates a substantial net operating income (NOI) of $151,400, translating to an attractive 8.65% capitalization rate. The asking price is $1,750,000, resulting in a price per square foot of $91.62. The property is zoned for industrial use, aligning perfectly with its current function and offering potential for future expansion. An additional adjacent parcel of land is available for purchase, providing an opportunity to further expand the property's footprint. This prime location in the thriving industrial corridor between Charlotte and Belmont makes this a highly desirable investment for owner-users or investors seeking strong returns in a rapidly growing market. The property's strong cash flow, coupled with its strategic location and potential for expansion, makes it an ideal addition to any portfolio.

Location Insight

City

Lowell

County

Gaston

State

North Carolina

Longitude

-81.1072814

Latitude

35.2752962