601 Margrace Avenue Kings Mountain, NC $ 5,048,050
601 Margrace Avenue
$ 5,048,050
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601 Margrace Avenue

Kings Mountain, NC, 28086
$ 5,048,050
Baths2.0

Monthly Estimate*

$ 35,262

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Studio

Commercial Property for sale in Kings Mountain, NC

for $5,048,050 with 2 full baths. This building was built in 1941 on a lot size of 22.076.

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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Commercial Active

Price

$ 5,048,050

Bedrooms

Studio

Full Bath

2

Property Type

Commercial

Taxes

$ 0

Style

Industrial

Lot Size

22.076

Year Built

1941

Town/City

Kings Mountain

County/Region

Cleveland

MLS | Web ID

3688961

Features
General
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
Gross Income 0
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 N
Property Type Commercial Sale
HOA / Comm Assn N
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
Total Units 10
Number of Units Leased 0
Street Name Margrace
Builder Name Unknown
Standard Status Active
Construction Type Site Built
Restrictions Signage Use
Tax Assessed Value 429432
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Interior
Flooring Carpet Concrete
Street Suffix Avenue
Total Baths 2
SqFt Garage 576
Number Of DocksTotal 5
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Exterior
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
Building Area Total 0
Lot Dimensions 4644x0x5170x113
Lot Size Units Acres
Road Frontage Type City Street State Road
Road Responsibility Publicly Maintained Road
Road Frontage 4484
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Internal Only
Street Number 1 601
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* Excluded Features
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Bunch Real Estate

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$35,262
Per Month
100%
0%
0%
Monthly Principal & Interest
$35,262
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/22/2022$2,978,050 -2.30% Price Down
12/19/2020$3,048,050 Listed Price

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601 Margrace Avenue, Kings Mountain, NC, 28086 is a Commercial Property for sale at $5,048,050 with a lot size of 22.076. 601 Margrace Avenue is a studio with 2.0 baths and was built in 1941. The property's zip code is 28086 which is in Kings Mountain, NC