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601 Margrace Avenue, Kings Mountain, NC 28086
$5,048,050
601 Margrace Avenue, Kings Mountain, NC 28086View this property at 601 Margrace Avenue, Kings Mountain, NC 28086
601 Margrace AvenueKings MountainNC28086
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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.
Full Property Details
Full Property Details for 601 Margrace Ave
General
- Price: $5,048,050
- Status: Active
- Type: Commercial
- MLS ID: 3688961
- Updated: 2/26/2024
- Added to Site: 1, 216 day(s) ago
Interior
- Flooring: Carpet, Concrete
Rooms
Bathrooms
- Total Bathrooms: 2
Parking
- Garage Description: 576 Sq. Ft.
Location
- County: Cleveland
- Driving 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 Limits: Yes
Heating & Cooling
- Cooling Type: Office Only
- Heating Type: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Electricity Connected, Fiber Optics, Gas, Phone Connected
Structural Information
- # Buildings: 10
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Block, Brick, Metal
- Roof: Built-Up, Concrete, Metal, Steel, Wood
- Ceiling Height: 16
- Drive-In Doors: 16
- # Loading Docks: 5
- Min Required: 2.8 Sq. Ft.
- Office: 314 Sq. Ft.
- Minimum Avail: 35,747 Sq. Ft.
- Year Built: 1941
Lot Features
- Lot Size (Acres): 22.076
- Lot Dimensions: 4644 x 0 x 5170 x 113
- Elevation (Approx.): 1000
- Rcmdd Zoning: LI
- Fencing (Description): Fenced
Financial Considerations
- Operating Expenses: $75,000
- Terms: Cash, Conventional, Lease Back
Disclosures and Reports
- Special Conditions: Estate
- Restrictions: Signage, Use
- Inclusions: Building, Fixtures, Land
- Property ID: 9840
- Lot Number: DB 18T PG233
Listed by Bunch Real Estate
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Schools
Schools serving 601 Margrace Ave
School District:Cleveland County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
227 Kings Mountain Blvd, Kings Mtn, NC 28086 | 5-6 | 1 mi | |
500 W Mountain St, Kings Mtn, NC 28086 | PK-4 | 1.4 mi | |
1000 Phifer Rd, Kings Mtn, NC 28086 | 7-8 | 0.7 mi | |
500 Phifer Rd, Kings Mtn, NC 28086 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 601 Margrace Ave
Date
Details
Price
Change
Source
2/01/2023
Price Increased
$5,048,050
65.62%
MLS
7/13/2022
Price Increased
$3,048,050
2.35%
MLS
1/22/2022
Price Reduced
$2,978,050
-2.3%
MLS
12/19/2020
Listed
$3,048,050
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 601 Margrace Ave
601 Margrace Avenue, Kings Mountain, NC 28086 (MLS# 3688961) is a Commercial property. 601 Margrace Avenue is currently listed for $5,048,050 and was received on December 19, 2020. Want to learn more about 601 Margrace Avenue? Do you have questions about finding other Commercial real estate for sale in Kings Mountain? You can browse all Kings Mountain real estate or contact a Coldwell Banker agent to request more information.