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141 Knobbs Creek Dr 171,255 SF Industrial Building Elizabeth City, NC 27909 $11,950,000 ($69.78/SF)

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Investment Highlights

Turnkey Lumber manufacturing facility for sale in Elizabeth City!
Very heavy duty 3 phase 480 amp electrical service

5,040 sq ft of office and breakroom space
166,215 square feet of metal structures with metal roofs, all replaced/repaired or renovated in 2020

Executive Summary

Turnkey Lumber manufacturing facility for sale in Elizabeth City with use restriction for wood treatment. Subject parcel is 33.72 acres with roughly +/- 20 acres developed and usable zoned I-2 and a 1AC parcel zoned R-15 across Knobbs Creek. Very heavy duty 3 phase 480 amp electrical service, central sewer, 5,040 sq ft of office and breakroom, 166,215 square feet of metal structures with metal roofs, all replaced/repaired or renovated in 2020. Railroad track adjacent on active railroad track with active spur on the property, and river frontage with a history of importing and exporting via barges. Detailed inventory of building and structure sizes, construction (0 walls under roof up to 4 walls), year built, foundation (concrete vs asphalt), and values available in appraisal report in documents. This site employed 140 people at one point in the recent past.

MLS Listing-141 Knobbs Creek

Floor Plan-Break Room

Deed

Appraisal

Property Facts

Price	$11,950,000	Lot Size	34.47 AC
Price Per SF	$69.78	Rentable Building Area	171,255 SF
Sale Type	Investment or Owner User	No. Stories	1
Property Type	Industrial	Year Built	1980
Building Class	C	Tenancy	Single
Zoning	I-2/R-15

Price	$11,950,000
Price Per SF	$69.78
Sale Type	Investment or Owner User
Property Type	Industrial
Building Class	C
Lot Size	34.47 AC
Rentable Building Area	171,255 SF
No. Stories	1
Year Built	1980
Tenancy	Single
Zoning	I-2/R-15

Major Tenants

Manufacturing
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UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Industrial, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of products used in residential and commercial construction, packaging and industrial applications. Founded in 1955, the company has operations in North America, Europe, Asia and Australia. UFP Industries, Inc., was founded in Michigan in 1955 as a supplier of lumber to the manufactured housing industry. Today UFP Industries is a multibillion-dollar enterprise with subsidiaries around the globe that serve three markets: retail, packaging and construction. They have been publicly traded (Nasdaq: UFPI) since 1993 and are headquartered in Grand Rapids, Michigan.