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    FOR SALE
    Industrial land

    685 Delta St, Salisbury, NC 28146

    Property ID
    US53-1689318
    Property summary
    AI-generated overview

    We are pleased to present +/- 62.6 acres for sale off of Delta St in Southern Rowan County. This site is adjacent to I-85 with current access off Delta St. In this growing submarket, national and local tenants are securing facilities along the I-85 corridor & thousands of apartment units are underway. Convenient access to serve the Charlotte MSA and adjacent towns such as Kannapolis, Landis, Salisbury, etc. Due diligence items such as phase 1 environmental, boundary survey, wetlands studies, and preliminary site plans are available. An 8” sewer is available along Delta St to serve the property. Potential water easement discussions are underway to cross the former Hitachi Metals property to bring water service to the site. - Potential opportunity to add additional land adjacent to site Currently Zoned RR-3 (highest & best use is light industrial) Minutes to Exits 68 and 70 on I-85 81,000+ VPD traffic off I-85 Multiple Proposed Industrial Developments off Hwy 152 Former Hitachi Metals property under contract to be acquired by manufacturer user Direct access onto Delta Street Sewer & Power Available - Connectivity: On-going effort with governing bodies and adjacent property owners to encourage interconnectivity between Delta St and Highway 152 through access easements and shared road improvements, providing more direct access to I-85 Macy’s Distribution Center: State-of-the-art $584 million, 1M+ square foot automated fulfillment center. Set to deliver in 2024, creating an estimated 2,500+ job opportunities. Expansion Opportunities: The Delta Assemblage presents an additional +/- 22 acres of light industrial available for purchase and development. Highest and best use is flex-space/ last-mile solutions and multi-family development. Municipal Support: Council, & planning are actively working alongside Rowan County EDC to transform the I-85/Hwy 152 Corridor into a strong commercial hub.

    Property profile
    Verified
    Property type Industrial land
    UPID US53-1689318
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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