1160 Peeler RdSalisbury, NC 28146

Property Details for 1160 Peeler Rd

Year built

1999

Lot size

1.32 AC

Property size (Sq ft)

8,000 SF

Zone code

CBI

Property type

Retail properties

Property subtype

Auto shops

APN

408 072

APU

408072

Description

This exceptional 9,000 square foot single-tenant industrial flex building, constructed in 2005, presents a rare opportunity in Rowan County. Situated in a high-traffic area with convenient I-85 access, this property benefits from its proximity to over 2,000,000 square feet of industrial development currently underway. The building features a desirable clear-span design, minimizing interior columns for maximum efficiency. Storage solutions are enhanced by multiple mezzanines, providing ample vertical space. Three 16' x 14' drive-in doors ensure easy loading and unloading of goods. The property includes a fenced yard, offering secure outdoor storage. The building is equipped with a 3-phase power system and a five-year-old HVAC system for optimal climate control. A recycled oil heater provides efficient and cost-effective heating. Minimal office space is included, maximizing the usable square footage for warehouse or flex operations. The property is zoned CB-3, offering flexibility for a variety of industrial uses. This is an ideal location for businesses seeking efficient, well-located industrial space with excellent access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $2,835,052

  6.5%

  $2,616,972

  7%

  $2,430,045

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,413,894

  Geo Method

  $3,413,894

• Alternative Use

  Use

  Valuation

  Residential

  $2,207,514

  Hospitality

  $2,022,070

  Educational

  $1,682,339

  Medical

  $1,740,197

  Retail

  $2,616,972

Location Insight

City

Salisbury

County

Rowan

State

North Carolina

Latitude

35.6086

Longitude

-80.5155

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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