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    601 Margrace Avenue

    Kings Mountain, NC 28086
    • $3,048,050
    • STATUS: Active
    • ON SITE: 226 days
    • ID#: 3688961
    UPDATED: 147 min ago
    $3,048,050
    • 0
      BEDS
    • 23.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1941
    County:

    School Ratings & Info

    Offered by Bunch Real Estate. Copyright 2021 Canopy MLS. All rights reserved.

    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.

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    Based on information submitted to the MLS GRID as of 2021-08-02T23:58:55.043 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Mossy Oak Properties Land and Luxury nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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    601 Margrace Avenue Kings Mountain, NC 28086

    • Price: $3,048,050
    • Status: Active
    • Updated: 147 min ago
    • ID#: 3688961
    0
    Beds
    0
    Baths
    0
    ½ Baths
    23.48
    Acres
    1941
    Built
    Neighborhood:
    Kings Mountain
    County:
    Cleveland
    Area:
    Kings Mountain
    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.
    Exterior Features

    Elevation 1000 Flood Plain No Number Of Docks Total 5 Number Of Drive In Doors Total 16 Parking Total 1750 Road Frontage Type City StreetState Road Road Responsibility Public Maintained Road Roof Built-UpConcreteMetalSteelWood Waterfront Features None

    Interior Features

    Accessibility Features 2 Or More Access ExitsGarage Door Height Greater Than 84 inchesZero-Grade Entry Building Area Total 0 Ceiling Height FT 16 Cooling Office Only Flooring CarpetConcrete Foundation Details SlabSlab Heating ElectricNatural Gas Number Of Bays 2 Office Sq Ft 314 Stories Total 1 Utilities City SewerCity WaterElectricity AvailableFiber OpticsNatural Gas AvailableSeptic TankTelephone On-Site

    Property Features

    Builder Name Unknown CCRSubject To Yes Commercial Location Description Other Construction Status Complete Gross Income 0 Gross Scheduled Income 0 HOASubject To None Inclusions BuildingFixturesLand Inside City YN Yes Listing Terms CashConventionalLease Back Miscellaneous FencedLoading DockReception AreaStorage Shed Net Operating Income 164949 New Construction YN No Number Of Units Leased 0 Operating Expense 75000 Other Income 12000.00 Possible Use CommercialIndustrySubdevelopment Potential Income 225141.00 Property Sub Type Commercial Restrictions SignageUse Restrictions Description City RValue Ceiling 19 Special Listing Conditions Estate Structure Type Industrial Tax Assessed Value 429432 Transaction Type For Sale Zoning Description Li



    Based on information submitted to the MLS GRID as of 2021-08-02T23:58:55.043 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Mossy Oak Properties Land and Luxury nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

    Digital Millennium Copyright Act
     
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    Mossy Oak Properties Land and Luxury
    114 Morlake Drive Suite 103
    Mooresville NC, 28117
    Offered by Bunch Real Estate. Copyright 2021 Canopy MLS. All rights reserved.