1820 Martin Luther King Jr AveSalisbury, NC 28144

  • Industrial land
  • 4.13 AC
For Lease
$3.95/SF/YR View listing

Property Details for 1820 Martin Luther King Jr Ave

Lot size
4.13 AC
Zone code
M1
Property type
Industrial land
APN
017 185
APU
17185

Description

This exceptional industrial property, located at 1820 Martin Luther King Jr Ave in Salisbury, NC, offers 100,000 square feet of warehouse space in a single-tenant building situated on approximately 5.52 acres. Built in 1983, this two-story structure boasts impressive features including 24-foot clear height at the front (22-foot eaves) and 20-foot clear height at the rear (17-foot eaves). The property includes four dock-high doors and two drive-in doors, ensuring efficient loading and unloading. Ample power is provided by a 2000-amp, 480-volt, 3-phase system. The building also features approximately 5,000 square feet of office space spread across two stories. Column spacing is 24'5" x 38'. The warehouse benefits from a wet sprinkler system and is strategically located just one mile from I-85, offering excellent access to major transportation routes. Furthermore, the property has the potential for rail access. The building is equipped with several cranes, including one 500 lb jib crane, one 500 lb bridge crane, one 1/2 ton jib crane, and six 3-ton bridge cranes. This property presents a significant opportunity for businesses seeking a large, well-equipped warehouse in a convenient location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $49,642,288
    Hospitality
    $45,472,068
    Educational
    $37,832,228
    Medical
    $39,133,336
    Retail
    $58,850,132

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.6533
Longitude
-80.4906
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC 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
$1,926
$161,070
-
$161,070
-
$161,070
-
$161,070

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