Property profile

480 Mill Run Rd Salisbury, NC 28144

OFF-MARKET
Investment properties
Property ID
US53-2322375
8,825 SF 5.46 ac lot Built 1980
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Property summary

AI-generated overview

This exceptional 8,825 square-foot commercial building, situated on a 5.46-acre lot at 480 Mill Run Road in Salisbury, NC, presents a unique investment opportunity. Built in 1980, the property enjoys unparalleled visibility and convenient access to Interstate 85, a major transportation artery. The building's design is highly adaptable, making it suitable for a wide range of commercial uses. Imagine a thriving commercial vehicle repair operation, leveraging the existing outdoor covered wash bay and oil changing pit, or a robust warehouse and distribution center, utilizing the ample storage space and multiple tool/parts rooms. The three 14-foot drive-thru bay doors ensure efficient loading and unloading. The interior layout is equally impressive, featuring over eight designated office spaces, providing ample room for administrative functions. Six restrooms and a kitchen/lounge area cater to employee needs. The upstairs office provides a commanding view of the expansive shop floor, enhancing operational oversight. This property's strategic location, approximately 30 miles north of Charlotte and 40 miles south of Greensboro, NC, offers access to a large and diverse workforce and customer base. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant potential for growth and profitability. The property's size, features, and location combine to create a compelling investment proposition. The asking price is $898,900.

Property profile

Verified
Property type Investment properties
Year built 1980
Total area 8,825 SF
Lot 5.46 ac (237,838 SF)
UPID US53-2322375

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Material Handling Equipment Supplier Manufacturer

Location

480 Mill Run Rd Salisbury, NC 28144
Salisbury metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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