10230 NEWELL-HICKORY GROVE RD

Industrial for Sale
Catylist Listing ID: 30208224
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 2,400 SF
Gross Land Area: 0.57 Acres
Sale Price: $199,000
Unit Price: $82.92 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/5/2018

Overview / Comments

This parcel is ideal for storage or a small auto shop. Needs some updates and is sold as is. It is visible from Old Concord Rd. The parcel right beside this is also for sale. This parcel is currently zoned as single family but could/should be zoned commercial. This listing includes 2 Parcels (10501206). House rent $6,000/yr - taxes($846)= $5,154/yr. Building rent $8,640 - taxes/ins ($1,969)=$7,894/yr. Total profit on both $11,825/yr. Monitoring wells on the property should be inspected.

Additional Details

Nearest MSA: Charlotte-Concord-Gastonia
County: Mecklenburg
Tax ID/APN: 10501205
Zoning: I600
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1976

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,942 86,438 234,791
Median Age: 31.43 31.57 32.02
Households: 2,922 31,120 89,920
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