For Sale
$750,000

109 Pineywood StThomasville, NC 27360

High-Cap Rate Flex Space, Thomasville, NC

Overview

Added:
Dec 11, 2024
Days on market:
116
This ±5,888 square foot flex building in Thomasville, NC, presents a compelling investment opportunity. Built in 1999 and situated on a 0.04-acre lot, the property boasts a 7.10% cap rate and is fully leased with 2.5 years remaining on the lease. Zoned C2 (Highway Commercial), it offers excellent versatility for a range of businesses. The building features two front entrances ideal for separate customer areas, a convenient drive-in door, and a 14-foot ceiling height suitable for warehousing or industrial uses. A 200-amp electrical service ensures ample power, while a durable metal roof and cladding maintain a modern aesthetic. Three heat pumps provide efficient climate control. The interior includes several built-out offices and separate men's and women's restrooms. Ample parking is available with 10 dedicated spaces in front and an additional 4-5 spaces on the side. Public water, sewer, and natural gas services are readily available. Its prime commercial location in Thomasville provides easy access to major highways and the downtown area, ensuring high visibility and convenient access for businesses. This property is an excellent choice for investors seeking strong returns and a stable, long-term tenant.

Highlights

  • Two front entrances ideal for separate customer areas.
  • Drive-in door for easy access and flexible use.
  • 14-foot ceiling height suitable for warehousing or industrial applications.
  • 200-amp electrical service.
  • Durable metal roof and cladding.
  • Three heat pumps for climate control; several built-out offices and separate restrooms.

Property Details for 109 Pineywood St

Property type
Industrial properties, Flex space
Square Feet
5,888 SF
Year Built
1999
Lot Size (sq. ft)
1,742 SF

Location Insight

City
Thomasville
County
Davidson
State
North Carolina
Latitude
35.8812516
Longitude
-80.1053439
109 Pineywood St, Thomasville, North Carolina

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109 Pineywood St
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