215 Bonview AveLincolnton, NC 28092

For Sale
$3,950,000
Historic mill, renovated, owner-user ideal.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional industrial property, located at 215 Bonview Avenue in Lincolnton, North Carolina, presents a unique investment opportunity. The historic Sparty Mill, a 135,000 to 150,000 square foot building with 113,592 square feet of net rentable space, offers significant value-add potential. Originally built in 1920 and extensively renovated in 2022, this two-story structure boasts a new TPO roof with an 18+ year warranty, updated plumbing, electrical systems, fire sprinklers, and a keyless entry system. The $4 million+ renovation also included new windows, freight doors, and ADA-compliant features such as handicap parking, ramps, bathrooms, and water fountains. The property sits on 4.9 to 5.1 acres and includes 100 parking spaces and four dock-high doors. Ceiling heights range from 14 to 16 feet. The building is currently vacant and zoned GMC, making it suitable for a variety of uses. Its location within the Charlotte MSA, less than two miles from Highway 321 and under 37 miles from Charlotte, provides excellent accessibility. The property's historic designation opens doors to potential tax credits, including the Historical Tax Credit and New Market Tax Credit. The building features heavy power with 227/480 3-phase 400-amp service. This fee-simple ownership opportunity is perfect for an owner-user seeking a well-maintained, historically significant industrial space. The APN is 00602.

Highlights

  • Historic Sparty Mill in Charlotte MSA; $4M+ in recent renovations.
  • Extensive renovations include new plumbing, electrical, fire sprinklers, and security system.
  • Registered historic property; eligible for 20% Historic Tax Credit and 39% New Market Tax Credit over 7 years.
  • New energy-efficient TPO roof with 18+ year warranty.
  • Value-add opportunity; ideal for owner-user.
  • Excellent location: <2 miles from Hwy 321, <37 miles from Charlotte.

Property Details for 215 Bonview Ave

Property type
Warehouses, Industrial properties
Square Feet
135,000 SF
Class
C
Year Built/Renovated
1920/2022
Buildings
1
Stories
2
Lot Size (sq. ft)
213,444 SF

Location Insight

City
Lincolnton
County
Lincoln
State
North Carolina
Latitude
35.473569243676
Longitude
-81.260785379011
215 Bonview Ave, Lincolnton, North Carolina

FAQs

What type of property is this?
Warehouse - Historic mill, renovated, owner-user ideal.
Where is the warehouse located?
The property is located at 215 Bonview Ave Lincolnton, NC.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Historic Sparty Mill in Charlotte MSA; $4M+ in recent renovations.; Extensive renovations include new plumbing, electrical, fire sprinklers, and security system.; Registered historic property; eligible for 20% Historic Tax Credit and 39% New Market Tax Credit over 7 years.
How can I contact the broker?
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215 Bonview Ave
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