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94 Glenn Bridge Road , Arden, NC 28704$9,500,000.00

Days on Market: 135 MLS#: 3886978 View Map

Comments for 94 Glenn Bridge Road , Arden, NC 28704

Rare opportunity to purchase an exceptionally well located, large warehouse/production building on 17.4 acres, with land approved for additional development. Prime Arden location.

The existing single tenant lease (47 months remains/ no renewal rights) is dramatically below fair market.

Current fair market rent of $7.50 psf would produce income of $900,000/ year, a forward CAP rate of 10%, exclusive of surplus land value.

The approximately 6.5 acres of surplus land fronting Old Shoals Rd has been approved for construction of an additional 93,000/sf. This land could also readily accommodate climate controlled self-storage or apartment construction. FMV of the surplus land is $250,000/ acre, or better.

Property Type: Commercial - Industrial Lot Dimensions: 0
Cooling: Office Only Lot Size: 17.37 Acres
Days on Market: 135 Parcel#: 9654-12-3895-00000
Flooring: Concrete Roof Type: Rubber
Foundation: Slab Utilities: City Sewer, City Water, Electricity Available
Heating: Natural Gas Year Built: 1967
Inclusions: Building, Land  

Listed By

Agency Name: Pulliam Properties, Inc
Agency Phone: 828-684-4344

Shown By

Agency Title: Craven & Company Realtors
Agency Phone:

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Mortgage Payment Calculation for 94 Glenn Bridge Road , Arden, NC 28704

  • %
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  • yearly (estimated)
  • Est. Payment: $42,645.40 / per month

(Payments are an estimate and may vary by lender)