533 Park AveBurlington, NC 27217

  • Industrial properties
  • 106,210 SF
For Lease

Property Details for 533 Park Ave

Year built
1995
Lot size
7.17 AC
Property size (Sq ft)
106,210 SF
Zone code
I3
Property type
Industrial properties
Property subtype
Other warehouses
APN
126751
APU
126751

Description

This expansive 35,760-square-foot warehouse, located at 533 N Park Ave in Burlington, North Carolina, presents a significant opportunity for businesses seeking ample space. Built in 1972, the property boasts a single-tenant occupancy and is currently entirely vacant, offering immediate possession. The warehouse features impressive 23-foot ceilings, providing ample vertical storage capacity. Its I-3 zoning designation allows for a wide range of industrial uses, making it suitable for various operations. Situated in Alamance County, the property benefits from convenient access to transportation networks, enhancing logistical efficiency. The address is 533 N Park Ave, Burlington, NC 27217. With its substantial size, high ceilings, and strategic location, this warehouse is an exceptional opportunity for businesses requiring significant industrial space in a thriving North Carolina market. The property is available for lease and offers a blank canvas for a new tenant to customize the space to their specific needs. The total building square footage is 35,760 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,015,366
    Hospitality
    $19,249,962
    Educational
    $16,015,743
    Medical
    $16,566,548
    Retail
    $24,913,378
533 Park Ave, Burlington, North Carolina

Location Insight

City
Burlington
County
Alamance
State
North Carolina
Latitude
36.1006
Longitude
-79.4403
CBSA code
15500
CBSA name
BURLINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,820
$199,468
$3,925,621
$4,125,089
-
$199,468
$3,925,621
$4,125,089

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