Property summary
This exceptional 85,587-square-foot industrial property, located at 4299 Anderson Avenue in Farmville, North Carolina, presents a significant value-add opportunity. Situated on a generous 8.17-acre lot, this vacant warehouse boasts seven loading docks and a 14-foot ceiling height. Built in 1965, the structure is zoned ID - Industrial District, making it ideally suited for various industrial uses, including distribution, manufacturing, or warehousing. The asking price is $1,500,000, translating to $17.53 per square foot. The property's current condition requires complete renovation, offering a unique chance for an investor to reposition this asset in a strategic location within Pitt County. The property's size and zoning provide ample flexibility for redevelopment or adaptive reuse, catering to a wide range of industrial needs. The property's parcel number is 52247 and its location in Farmville, NC (zip code 27828) offers convenient access to transportation networks. This is a prime opportunity to acquire a substantial industrial property in need of renovation, presenting significant potential for future returns.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
e 25 25 8 18 20 75% 35 n RMH A or B Residential Manufactured Housing 5,000 j 60 25 8 18 20 75% 35 n CBD Central Business District 2,500 j 20 0 b, c b, c c HBD Highway Business District 7,500 j 75 50 15 s 15 s 15 r 75% n…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
ID · Farmville, NCe 25 25 8 18 20 75% 35 n RMH A or B Residential Manufactured Housing 5,000 j 60 25 8 18 20 75% 35 n CBD Central Business District 2,500 j 20 0 b, c b, c c HBD Highway Business District 7,500 j 75 50 15 s 15 s 15 r 75% n…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
e 25 25 8 18 20 75% 35 n RMH A or B Residential Manufactured Housing 5,000 j 60 25 8 18 20 75% 35 n CBD Central Business District 2,500 j 20 0 b, c b, c c HBD Highway Business District 7,500 j 75 50 15 s 15 s 15 r 75% n…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ID in Farmville, NC.
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