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110 Piper Lane, Salisbury, NC 28147

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For Sale

$2,050,000

12.03 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 12 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

100% occupied income-producing commercial adjacent to Mid-Carolina Regional Airport. 12.03 Acres allocated as 9.73 Acres with (2) Industrial / Warehouse Buildings & 2.3 Acres of Excess Land w/ 337 feet of frontage along S. Main St. (US-29) 1.7 Miles from I-85. Zoned LI-Light Industrial w/ many permissible uses. Long-existing local and national tenants on short-term flexible modified gross leases. Below market rents averaging $1.97/SF/ Year presents a significant upside opportunity for purchase. Building 130 was built in 1920 (renovated in 1974) & consists of 4 bays totaling 60,000 SF leased by 3 warehouse tenants. The brick building features 7 Dock-High doors & 4 Drive-In doors, up to 20' clear heights, and a portion of office space. Building 110 was built in 1929 w/10,000 SF (2) overhead drive-in doors with an auto service tenant. This is part of a family-owned portfolio with multiple income-producing properties for sale in Salisbury. August 2024 appraisal available for review. Property may be subject to future eminent domain due to NC DOT Airport Parkway Expansion. Recent Environmental Phase 1 Report is available for review.
MLS# 4211764

Courtesy Of Modern Brokerage

(704) 502-0388

Property Features

  • Age
    Over 50 Years Old
  • Floor Covering
    Wood, Concrete
  • Lot Size
    12.03 Acres

Map and Directions

Directions to 110 Piper Lane, Salisbury, NC 28147

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(704) 637-7721
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.