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Investment Highlights

  • Mixed Use Building with Industrial Truck Court and a Downtown Retail Front
  • NOI After Repairs Is $237K (2025) and Increasing with New Tenancy
  • Until Leased Long Term, Owners Will Consider M-M Tenants with a 30 Day Out
  • Significant Investement in 2024-2025 (New Roof, LED Light Upgrades, Etc)
  • Priced Under $40 SF While in Lease Up. Full Tenant and Occupancy Info Available with a CA.
  • Adjacent Future Historic Rehab Apartments and Amenities

Executive Summary

Retail / industrial 131K SF building for lease or sale at 110-130 Railroad Avenue. For owner/users with term, excellent opportunity to have 1K – 65K+ SF space in an established downtown district. If not used as an exceptionally well located last mile industrial site, this improved asset is a solid location for brewery, fitness, entertainment, offices and/or self storage concept. This building is approx. 50% occupied by termed tenants with remaining areas in lease up. Until leased long term, owners will consider M-M tenants with a 30 day out in vacant space. Annual asking rent of $6 SF NNN and TICAM in space 'as is'. As an investment, asset had a NOI of $237K (2025) which is increasing with new tenants (2026). Once fully leased, asset will be converted to an industrial sale over "a sticks and bricks" asking price. See the property flyer for industrial building specifications, photos, and a floor plan. A dropbox with additional information (rent roll, proforma, clean environmentals, etc) is also available with an executed CA. Contact broker with further interest or questions.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $237,000 $1.62

Financial Summary (Actual - 2025)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $237,000
Annual Per SF $1.62

Property Facts

Price $5,200,000
Price Per SF $39.69
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Industrial
Property Subtype
Manufacturing
  • General Retail Storefront
  • Industrial Warehouse
  • FlexLight Distribution
Building Class B
Lot Size 20.00 AC
Rentable Building Area 131,000 SF
No. Stories 1
Year Built/Renovated 1935/2024
Parking Ratio 0.23/1,000 SF
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 6
Zoning CP - Zoned industrial in Gibsonville

Amenities

  • Signage
  • Air Conditioning

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
0102532
Land Assessment
$165,700
Improvements Assessment
$2,213,300
Total Assessment
$2,379,000
  • Listing ID: 32768514

  • Date on Market: 8/12/2024

  • Last Updated:

  • Address: 106 E Railroad Ave, Gibsonville, NC 27249

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