Address
601 Margrace Avenue, Kings Mountain, NC
Price
$ 5,048,050
Property Attributes
  • ID#3688961
  • TypeCommercial
  • CountyCLEVELAND
  • CityKings Mountain
  • AreaCleveland County
  • Zip28086
  • StyleIndustrial
  • Price$ 5,048,050
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Lot Size22.076 Acres
Data Source:
Canopy MLS
Property Description

With the public road & railroad frontage for these parcels, there is a great potential for subdividing the property for an industrial park for small businesses. There is approximately 13,037 cubic yards of "black gold" on the south end of the property with seasonal renewal by the city of Kings Mtn. In addition to the 11 buildings (Addenda A1 & A2) that can be leased once emptied, there are five large building pads that can be fenced in separately for construction companies or used to rebuild more square footage. There is an elaborate underground drainage system that keeps the property drained so there is relatively no standing water after a heavy downpour of rain. In addition, there are 5 large water storage tanks that can store up to 757,712 gal. of water for water suppression or use in commercial processing (Addenda A3 & A4). There is also additional steel structures on the ground to complete the front warehouse space and add an additional 18000 square footage of warehouse space.

Price History
12/19/2020 Listed $3,048,050
1/22/2022 3% - $2,978,050

General Features

Sewer Public Sewer
Heating Electric,Natural Gas
Cooling Office Only
Utilities Electricity Connected,Fiber Optics,Gas,Phone Connected
Roof Built-Up,Concrete,Metal,Steel,Wood
Zoning LI
Construction Materials Block,Brick,Metal
Year Built 1941
Property SubType Industrial
Elevation 1000
Waterfront Features None
Accessibility Two or More Access Exits,Garage Door Height Greater Than 84 inches,Zero-Grade Entry
Additional Parcels Description 48278
County Cleveland
Net Operating Income 164949
Operating Expense 75000
New Construction No
Property Type Commercial Sale
HOA / Comm Assn No
Possible Use Commercial,Industrial,Subdevelopment
Directions I 85 S,R off exit 4,TR onto Dixon School Rd.,go 1 mile to the round-about & TR on Margrace Ave.,property is 1.5 miles on the R.
City Kings Mountain
NumberOfUnitsTotal 10
Lot Size Units Acres
Builder Name Unknown
Standard Status Active
CAR_HOASubjectTo None
Construction Type Site Built
Restrictions Signage,Use
Tax Assessed Value 429432

Interior Features

Flooring Carpet,Concrete
Total Baths 2
SqFt Garage 576
Number Of DocksTotal 5

Exterior Features

Water Source City
Total Parking 1750
Inclusions Building,Fixtures,Land
Lot Size Area 22.076
Foundation Details Slab,Other - See Remarks
Number of Buildings 10
Lot Dimensions 4644x0x5170x113
Road Frontage Type City Street,State Road
Road Responsibility Publicly Maintained Road
Road Frontage 4484

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 28086

Price
AVG $1.17M
$5.05M
Visits
AVG 230
986
Data Provided by Inside Real Estate®
Year Built
AVG 1979
1941

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