Address
601 Margrace Avenue, Kings Mountain, NC
Price
$ 5,048,050
Property Attributes
- ID#3688961
- TypeCommercial
- CountyCLEVELAND
- CityKings Mountain
- AreaCleveland County
- Zip28086
- StyleIndustrial
- Price$ 5,048,050
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Lot Size22.076 Acres
Data Source:
Canopy MLS
Property Description
With the public road & railroad frontage for these parcels, there is a great potential for subdividing the property for an industrial park for small businesses. There is approximately 13,037 cubic yards of "black gold" on the south end of the property with seasonal renewal by the city of Kings Mtn. In addition to the 11 buildings (Addenda A1 & A2) that can be leased once emptied, there are five large building pads that can be fenced in separately for construction companies or used to rebuild more square footage. There is an elaborate underground drainage system that keeps the property drained so there is relatively no standing water after a heavy downpour of rain. In addition, there are 5 large water storage tanks that can store up to 757,712 gal. of water for water suppression or use in commercial processing (Addenda A3 & A4). There is also additional steel structures on the ground to complete the front warehouse space and add an additional 18000 square footage of warehouse space.
| Price History | |
|---|---|
| 12/19/2020 | Listed $3,048,050 |
| 1/22/2022 | 3% - $2,978,050 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Natural Gas |
| Cooling | Office Only |
| Utilities | Electricity Connected,Fiber Optics,Gas,Phone Connected |
| Roof | Built-Up,Concrete,Metal,Steel,Wood |
| Zoning | LI |
| Construction Materials | Block,Brick,Metal |
| Year Built | 1941 |
| Property SubType | Industrial |
| Elevation | 1000 |
| Waterfront Features | None |
| Accessibility | Two or More Access Exits,Garage Door Height Greater Than 84 inches,Zero-Grade Entry |
| Additional Parcels Description | 48278 |
| County | Cleveland |
| Net Operating Income | 164949 |
| Operating Expense | 75000 |
| New Construction | No |
| Property Type | Commercial Sale |
| HOA / Comm Assn | No |
| Possible Use | Commercial,Industrial,Subdevelopment |
| Directions | I 85 S,R off exit 4,TR onto Dixon School Rd.,go 1 mile to the round-about & TR on Margrace Ave.,property is 1.5 miles on the R. |
| City | Kings Mountain |
| Total Units | 10 |
| Street Name | Margrace |
| Builder Name | Unknown |
| Standard Status | Active |
| CAR_HOASubjectTo | None |
| Construction Type | Site Built |
| Restrictions | Signage,Use |
| Tax Assessed Value | 429432 |
Interior Features
| Flooring | Carpet,Concrete |
|---|---|
| Street Suffix | Avenue |
| Total Baths | 2 |
| SqFt Garage | 576 |
| Number Of DocksTotal | 5 |
Exterior Features
| Water Source | City |
|---|---|
| Total Parking | 1750 |
| Inclusions | Building,Fixtures,Land |
| Lot Size Area | 22.076 |
| Foundation Details | Slab,Other - See Remarks |
| Number of Buildings | 10 |
| Lot Dimensions | 4644x0x5170x113 |
| Lot Size Units | Acres |
| Road Frontage Type | City Street,State Road |
| Road Responsibility | Publicly Maintained Road |
| Road Frontage | 4484 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 28086
Price
Visits
Year Built
Canopy MLS® Copyright ©2024 All rights reserved.
© MLS Now, INC - Northern Ohio Regional Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective
