This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

315 Elizabeth St NW

800,000 SF 18% Leased Industrial Building Lenoir, NC 28645 $9,500,000 ($12/SF)

Investment Highlights

  • 315 Elizabeth Street NW is an excellent 800,000-square-foot facility providing an efficient floor plate and endless opportunities.
  • Ideally located within minutes of Highway 321 with easy access to Highway 64, Interstate 45, and Charlotte.
  • Building specifications include a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.
  • Features a completely gated site with on-site security, along with plenty of surface parking and room for truck maneuvering.

Executive Summary

315 Elizabeth Street NW offers a prime commercial warehouse for sale at a $9.37 per square foot cost, which is well below replacement costs. The estimated rent range for full occupancy is $1.50 to $2.50 per square foot, well below market comps to ensure full occupancy.

This exceptional 800,000-square-foot warehouse, renovated in 2023, offers versatile industrial features, including a 20-foot clear height and 20 dock doors. Situated on a 20-acre site, there is ample parking and room for truck maneuvering. 315 Elizabeth Street NW is completely gated with on-site security. Existing credit tenants Chase Corp and SJM Marketplace occupy 148,800 square feet, and this property provides stable rental income. Strategically located minutes from Highway 321, with easy access to Highway 64, Interstate 45, and Charlotte, this property ensures excellent connectivity and logistical advantages. This ideal investment opportunity benefits from competitive rental rates and a conservative proforma cap rate.

Located in western North Carolina, 315 Elizabeth Street NW provides easy highway access and convenience to major population centers. Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45. Charlotte is a significant North Carolina city and commercial hub that can be reached in less than an hour's drive. 315 Elizabeth Street NW is a dynamic property primed to offer an ideal investment or owner/user opportunity.

Data Room Click Here to Access

Property Facts

Price $9,500,000
Price Per SF $12
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Distribution
Building Class C
Lot Size 20.34 AC
Rentable Building Area 800,000 SF
No. Stories 3
Year Built 1971
Parking Ratio 0.26/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 20
Opportunity Zone Yes

Amenities

  • Air Conditioning

Utilities

  • Gas
  • Water - City
  • Sewer - City
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,500-256,000 SF
  • Industrial
  • -
  • Now

315 Elizabeth Street NW offers the opportunity to occupy a spacious, secure industrial facility in Lenoir.? This single-story, 800,000-square-foot building features a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.? The property provides an exceptional amount of space for a good price, ideal for a wide range of manufacturing, distribution, and warehouse users.? Up to 600,000 square feet of space is available to lease with build-to-suit opportunities.? Tenants have access to dedicated on-site maintenance and plenty of docks.? Situated on a 20-acre site, there is ample parking and room for truck maneuvering.? 315 Elizabeth Street is completely gated with on-site security.? Located in western North Carolina, 315 Elizabeth Street provides easy highway access and convenience to major population centers.? Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45.? Charlotte, a significant North Carolina city and commercial hub, can be reached in less than an hour's drive.?

  • 2nd Floor
  • 2,500-200,000 SF
  • Industrial
  • -
  • Now

315 Elizabeth Street NW offers the opportunity to occupy a spacious, secure industrial facility in Lenoir.? This single-story, 800,000-square-foot building features a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.? The property provides an exceptional amount of space for a good price, ideal for a wide range of manufacturing, distribution, and warehouse users.? Up to 600,000 square feet of space is available to lease with build-to-suit opportunities.? Tenants have access to dedicated on-site maintenance and plenty of docks.? Situated on a 20-acre site, there is ample parking and room for truck maneuvering.? 315 Elizabeth Street is completely gated with on-site security.? Located in western North Carolina, 315 Elizabeth Street provides easy highway access and convenience to major population centers.? Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45.? Charlotte, a significant North Carolina city and commercial hub, can be reached in less than an hour's drive.?

  • 3rd Floor
  • 2,500-200,000 SF
  • Industrial
  • -
  • Now

315 Elizabeth Street NW offers the opportunity to occupy a spacious, secure industrial facility in Lenoir.? This single-story, 800,000-square-foot building features a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.? The property provides an exceptional amount of space for a good price, ideal for a wide range of manufacturing, distribution, and warehouse users.? Up to 600,000 square feet of space is available to lease with build-to-suit opportunities.? Tenants have access to dedicated on-site maintenance and plenty of docks.? Situated on a 20-acre site, there is ample parking and room for truck maneuvering.? 315 Elizabeth Street is completely gated with on-site security.? Located in western North Carolina, 315 Elizabeth Street provides easy highway access and convenience to major population centers.? Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45.? Charlotte, a significant North Carolina city and commercial hub, can be reached in less than an hour's drive.?

Space Size Space Use Condition Available
1st Floor 2,500-256,000 SF Industrial - Now
2nd Floor 2,500-200,000 SF Industrial - Now
3rd Floor 2,500-200,000 SF Industrial - Now

1st Floor

Size
2,500-256,000 SF
Space Use
Industrial
Condition
-
Available
Now

2nd Floor

Size
2,500-200,000 SF
Space Use
Industrial
Condition
-
Available
Now

3rd Floor

Size
2,500-200,000 SF
Space Use
Industrial
Condition
-
Available
Now

1st Floor

Size 2,500-256,000 SF
Space Use Industrial
Condition -
Available Now

315 Elizabeth Street NW offers the opportunity to occupy a spacious, secure industrial facility in Lenoir.? This single-story, 800,000-square-foot building features a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.? The property provides an exceptional amount of space for a good price, ideal for a wide range of manufacturing, distribution, and warehouse users.? Up to 600,000 square feet of space is available to lease with build-to-suit opportunities.? Tenants have access to dedicated on-site maintenance and plenty of docks.? Situated on a 20-acre site, there is ample parking and room for truck maneuvering.? 315 Elizabeth Street is completely gated with on-site security.? Located in western North Carolina, 315 Elizabeth Street provides easy highway access and convenience to major population centers.? Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45.? Charlotte, a significant North Carolina city and commercial hub, can be reached in less than an hour's drive.?

2nd Floor

Size 2,500-200,000 SF
Space Use Industrial
Condition -
Available Now

315 Elizabeth Street NW offers the opportunity to occupy a spacious, secure industrial facility in Lenoir.? This single-story, 800,000-square-foot building features a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.? The property provides an exceptional amount of space for a good price, ideal for a wide range of manufacturing, distribution, and warehouse users.? Up to 600,000 square feet of space is available to lease with build-to-suit opportunities.? Tenants have access to dedicated on-site maintenance and plenty of docks.? Situated on a 20-acre site, there is ample parking and room for truck maneuvering.? 315 Elizabeth Street is completely gated with on-site security.? Located in western North Carolina, 315 Elizabeth Street provides easy highway access and convenience to major population centers.? Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45.? Charlotte, a significant North Carolina city and commercial hub, can be reached in less than an hour's drive.?

3rd Floor

Size 2,500-200,000 SF
Space Use Industrial
Condition -
Available Now

315 Elizabeth Street NW offers the opportunity to occupy a spacious, secure industrial facility in Lenoir.? This single-story, 800,000-square-foot building features a 20-foot clear height, 20 dock doors, and about 4,000 square feet of dedicated office space.? The property provides an exceptional amount of space for a good price, ideal for a wide range of manufacturing, distribution, and warehouse users.? Up to 600,000 square feet of space is available to lease with build-to-suit opportunities.? Tenants have access to dedicated on-site maintenance and plenty of docks.? Situated on a 20-acre site, there is ample parking and room for truck maneuvering.? 315 Elizabeth Street is completely gated with on-site security.? Located in western North Carolina, 315 Elizabeth Street provides easy highway access and convenience to major population centers.? Within minutes of the property is Highway 321, delivering seamless connections to Highway 64 and Interstate 45.? Charlotte, a significant North Carolina city and commercial hub, can be reached in less than an hour's drive.?

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 09194-1-1
  • 09194-1-2
Land Assessment
$308,300
Improvements Assessment
$3,320,400
Total Assessment
$3,628,700

zoning

Zoning Code I-2 (Industrial)
I-2 (Industrial)
  • Listing ID: 32270510

  • Date on Market: 6/27/2024

  • Last Updated:

  • Address: 315 Elizabeth St NW, Lenoir, NC 28645

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}