REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 350,000
Est. payment | /mo
1.37 Acres Lot
$ 350,000
Est. payment | /mo
1.37 Acres Lot
Key Details
Property Type Commercial
Sub Type Warehouse/Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4403038
Year Built 1960
Lot Size 1.370 Acres
Acres 1.37
Property Sub-Type Warehouse/Office
Property Description
Offering a compelling opportunity to acquire a stabilized, fully leased flex investment property at a 10% cap. Produces immediate, predictable cash flow under a lease structure that minimizes landlord responsibilities while maximizing income certainty. The property comprises approximately 4,200 square feet of industrial/flex space situated on 1.37 acres with direct Highway 90 frontage. The tenant occupies under a lease extending through September 30, 2030, with contractual 3% annual rental escalations and a five-year renewal. Tenant is very happy with location. Well suited for private investors, 1031 exchange buyers, and passive income investors seeking institutional-quality lease structure at an accessible entry price.
Location
State NC
County Alexander
Zoning MU
Interior
Inclusions Building
Exterior
Street Surface Paved
Building
Dwelling Type Site Built
New Construction false
Others
Senior Community false
Special Listing Condition Subject to Lease
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Erika McNew • The Virtual Realty Group • erikamcnew@gmail.com
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "