601 Margrace Avenue

Kings Mountain, NC, 28086

$3,048,050

$3,048,050
Pending
Pending
 - For Sale
baths
2 Baths
property_type
Commercial
calendar
Built 1941
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.
MLS® ID:
3688961
Listed:
12/18/20
Updated:
8/12/22

Interior Features

Total Bedrooms
0
Total Bathrooms
2
Floor Description
Carpet, Concrete
Cooling
Office Only
Heating
Electric, Natural Gas

Exterior/Building Features

Lot Size
22.08 acres lot
Architectural Style
Industrial
Roof
Built-Up, Concrete, Metal, Steel, Wood

Other Property Details

Garage
No
Parking
N
Parking Total
1750.0
View
N
County
Cleveland
Utilities
City Sewer, City Water, Electricity Available, Fiber Optics, Natural Gas Available, Septic Tank, Telephone On-Site
Pool
No
Total Stories
1

Property History

Date
Event
Price
Value
7/16/22
Pending
-
-
7/13/22
Price Change
$3,048,050
102%
1/22/22
Price Change
$2,978,050
-2%

Courtesy of Philip Bunch, Bunch Real Estate

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