2582 Salisbury HwyStatesville, NC 28677

Property Details for 2582 Salisbury Hwy

Year built

1951

Construction

STEEL FRAME

Lot size

61.07 AC

Property size (Sq ft)

91,905 SF

Zone code

M2

Property type

Office buildings

APN

4763-64-3996.000

APU

4763643996000

Description

This exceptional 75-acre industrial property in Statesville, NC, presents a compelling redevelopment opportunity. The site boasts 115,000 square feet of existing building space across five structures, offering significant potential for repurposing or expansion. Key features include an active rail spur with capacity for 68 rail cars, served by Norfolk Southern, making it ideal for businesses requiring efficient rail logistics. The property includes six loading docks and six dock-high doors, along with 22-foot ceiling heights. Situated on M2-zoned land, this location offers flexibility for various industrial uses, including manufacturing, distribution, and logistics. Its strategic location near Highway 70 and Interstate 40 provides easy access to major transportation corridors and regional markets. Statesville's growing industrial sector and increasing demand for rail-served properties further enhance the investment potential of this remarkable site. The asking price is $5,495,000, translating to $47.78 per square foot. This vacant property is ready for immediate development, offering a unique chance to capitalize on the thriving industrial landscape of North Carolina. The address is 2582 Salisbury Hwy, Statesville, NC 28677.

• CAP approach

  CAP return

  Valuation

  6%

  $22,156,080

  6.5%

  $20,451,766

  7%

  $18,990,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,563,193

  Geo Method

  $15,563,193

• Alternative Use

  Use

  Valuation

  Residential

  $25,360,190

  Hospitality

  $23,229,798

  Educational

  $19,326,920

  Medical

  $19,991,602

  Retail

  $30,064,098

Location Insight

City

Statesville

County

Iredell

State

North Carolina

Latitude

35.7561

Longitude

-80.798

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].