10 Warehouses Only - Income Producing | 626 N Carolina Ave
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10 Warehouses Only - Income Producing 626 N Carolina Ave
66,000 SF Industrial Building Maiden, NC 28650 $1,400,000 ($21/SF)
Investment Highlights
- Easy Access to Hwy 321/ I-40/I-85.
- The main original mill is not being used; however, it can be restored or renovated into additional useable space.
- Currently 66,000 SF is being leased with annual income of $103,920.
Executive Summary
A 9+ acre site with a rail spur that is available for use. Built/Maintained 1920 -2023 -Carolina Mills operated their national HQ on site along with many mill processes and distribution of goods. ~The original textile mill is located at this site with the original flooring and other unique salvageable materials. ~During the life span of the company, this site has been expanded to accommodate the growing industry and the changes & diversification in product offering . Today the site is used for offices that could be renovated for a school, training facility, call center and creative office space. With approximately 10 additional buildings on the campus and most are leased for distribution or light manufacturing tenants. On the campus are 5 warehouses @ 5000+ SF, 3 warehouses @ 6-8000 SF and 1 at 11,500 SF. The warehouses are operable and leased ;however, some are available.
Property Facts
| Price | $1,400,000 | Lot Size | 18.08 AC |
| Price Per SF | $21 | Rentable Building Area | 66,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1920 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C |
| Price | $1,400,000 |
| Price Per SF | $21 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 18.08 AC |
| Rentable Building Area | 66,000 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Tenancy | Single |
zoning
| Zoning Code | M-1 (Any manufacturing, industrial, and office use.) |
| M-1 (Any manufacturing, industrial, and office use.) |
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10 Warehouses Only - Income Producing | 626 N Carolina Ave
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