94 Glenn Bridge Road Arden, NC 28704
Monthly Payment (Est.)$43,343
125, 000sf warehouse building on 17.4 acres, with land approved for additional development. Prime location - There is no comparable site in greater Asheville. Compelling opportunity for a value-add buyer to hold the asset until the below market lease expires ($222, 000 NOI for 3 years), then re-tenant at $7+ psf. Future $875, 000 NNN income = $13M value (at 6.5% cap). Surplus Land Value is an additional $2M+. Approvals granted to build 93, 000sf of additional warehouse/ or could support 100 multifamily units. Detailed site plans are available. Building details: - Warehouse area 1- 20, 000sf: 26' clear with 4 docks - Warehouse area 2 - 37, 000sf: 17' clear with 2 docks - Production area - 58, 000sf: 13' clear/ perimeter windows - 6, 000sf office space - new TPO roof 15 year warranty remains - clean Phase 1
|a month ago||Listing updated with changes from the MLS|
|a month ago||Listing first seen online|
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Data last update - 2023-03-21 10:10 AM UTC
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