280 Furniture DrSalisbury, NC 28147

Property Details for 280 Furniture Dr

Year built

1978

Construction

STEEL FRAME

Lot size

6.76 AC

Property size (Sq ft)

11,680 SF

Zone code

CBI

Property type

Retail properties

Property subtype

Retail space

APN

408 052

APU

408052

Description

This ±35,684 square foot industrial property, situated on approximately 6.79 acres, presents a significant opportunity for businesses seeking versatile warehouse, manufacturing, or distribution space. The building, constructed in 1978 and extensively renovated in 2024, offers a modern and efficient layout. The space boasts high ceilings, measuring 11.5 feet at the eave and 12.5 feet at the center, providing ample vertical clearance for storage and operations. Loading is facilitated by six dock-high doors and one drive-in door, ensuring smooth and efficient material handling. The property also includes approximately 3,601 square feet of office space, ideal for administrative functions. Parking is readily available with 19 auto spaces. The property is currently available for immediate occupancy, with a minimum divisible space of 15,008 square feet, offering flexibility for various business needs. This prime industrial location provides easy access to [Location information not provided, therefore omitted]. The combination of modern amenities, ample space, and convenient location makes this property an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $4,139,177

  6.5%

  $3,820,778

  7%

  $3,547,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,984,286

  Geo Method

  $4,984,286

• Alternative Use

  Use

  Valuation

  Residential

  $3,222,970

  Hospitality

  $2,952,223

  Educational

  $2,456,215

  Medical

  $2,540,688

  Retail

  $3,820,778

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6075

Longitude

-80.5235

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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