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    FOR LEASE
    Manufacturing properties

    720 Main St W, Valdese, NC 28690

    118,035 SF 7.57 ac lot Built 1962
    Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-3811684
    Property summary
    AI-generated overview

    This exceptional 171,799-square-foot industrial building, located at 720 Main St W in Valdese, NC, presents a significant opportunity. This single-tenant property boasts a prime location in downtown Valdese, offering convenient access to I-40. Built in 1962 and renovated in 1970, the three-story structure features 12-20' clear ceilings, thirteen dock-high doors, and a robust 120/208 3-phase power system. The property includes a wet sprinkler system for enhanced safety and security. Recent improvements include LED lighting, a partially new roof covering approximately 75,000 square feet, and new gas unit heaters. The 7.57-acre lot is fully fenced and provides ample paved parking. The building is zoned M1 and has an APN of 2733-66-4140. The property also features elevators. Taxes and insurance are paid by the owner. This expansive facility is ideal for a variety of manufacturing and warehousing operations. Don't miss this chance to secure a well-maintained, strategically located industrial space.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1962
    Construction WOOD FRAME
    Total area 118,035 SF
    Lot 7.57 ac (329,749 SF)
    Zoning code GENERAL MANUF DIST
    APN 33222
    UPID US53-3811684
    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
    Current use
    Occupant on record · Public records
    • Strings N Things Department Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.83M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.09M
    Blend (final) Blend
    $1.83M
    Owner & transaction history
    James Carlton Lee · 2 yrs held
    James Carlton Lee
    since 2024
    Last sale
    $1.8M
    7 recorded transactions
    2024
    $1.8M
    2022
    2022
    $1.7M
    2021
    $820,000
    2021
    $100,000
    2018
    1969
    Zoning & alternative use
    GENERAL MANUF DIST · Valdese, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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