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2903 Lee Ave 73,198 SF Industrial Building Sanford, NC 27332 $4,950,000 ($67.62/SF)
Investment Highlights
- Fenced Storage Area of 7,500 Sq. Ft in the rear of the property
- Ceiling height: 14.5" to 15.5'
- (2) Loading docks & (1) grade level roll up door, Ability to add additional loading doors
- Power: 5 main, 3 phase feed: 1- 2500 Amp, 1 – 2000 Amp & 3- 800, Amp disconnects
- Interior walls can be removed to expand manufacturing/warehouse area
- Entire building has 2 wet sprinkler systems with glycol loops and a pipe scheduled system
Executive Summary
• Sale price: $4,950,000
• Located off Lee Avenue on the east side of Sanford, NC in Lee County, this property offers excellent connectivity within the regional road network. It provides quick and convenient access to Business 421 toward Lillington, as well as Hwy 87 leading to Fayetteville and I-95. The nearby 421 Bypass enables efficient travel to US 1 and onward to Wake County. Additionally, the property is located near Sanford’s active retail corridor, featuring a wide variety of restaurants and major national retailers.
• Block and steel construction
• Ceiling height: 14.5’ - 15.5’
• Two sets of loading docks located on opposite sides of the building and a grade level roll up door in the back with ability to add additional loading doors
• Entire building has 2 wet sprinkler systems with glycol loops and a pipe scheduled system
• Power: 5 main, 3 phase feed: 1- 2500 Amp, 1 – 2000 Amp & 3- 800, Amp disconnects
• Interior walls that can be removed to expand the manufacturing area or expand the warehouse area.
• Fenced Storage Area of 7,500 Sq. Ft in the rear of the property
• Parking: 0.55 acres with 100 parking spaces
• Additional 3.02 acres available for potential laydown/parking
Property Facts
| Price | $4,950,000 | Rentable Building Area | 73,198 SF |
| Price Per SF | $67.62 | No. Stories | 1 |
| Sale Type | Owner User | Year Built/Renovated | 1971/1980 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.37/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 4.23 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | LI - Light Industrial | ||
| Price | $4,950,000 |
| Price Per SF | $67.62 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.23 AC |
| Rentable Building Area | 73,198 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1971/1980 |
| Tenancy | Single |
| Parking Ratio | 1.37/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | LI - Light Industrial |
Amenities
- Fenced Lot
- Breakroom
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
• Two sets of loading docks located on opposite sides of the building and a grade level roll up door in the back with ability to add additional loading doors • Entire building has 2 wet sprinkler systems with glycol loops and a pipe scheduled system • Power: 5 main, 3 phase feed: 1- 2500 Amp, 1 –2000 Amp & 3- 800, Amp disconnects • Interior walls that can be removed to expand the manufacturing area or expand the warehouse area • Fenced Storage Area of 7,500 Sq. Ft in the rear of the property • Parking: 0.55 acres with 100 parking spaces • Additional 3.02 acres available for potential laydown/parking
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 10,000-73,198 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 10,000-73,198 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 10,000-73,198 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
• Two sets of loading docks located on opposite sides of the building and a grade level roll up door in the back with ability to add additional loading doors • Entire building has 2 wet sprinkler systems with glycol loops and a pipe scheduled system • Power: 5 main, 3 phase feed: 1- 2500 Amp, 1 –2000 Amp & 3- 800, Amp disconnects • Interior walls that can be removed to expand the manufacturing area or expand the warehouse area • Fenced Storage Area of 7,500 Sq. Ft in the rear of the property • Parking: 0.55 acres with 100 parking spaces • Additional 3.02 acres available for potential laydown/parking
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,681,700 | |
| Land Assessment | $560,000 | Total Assessment | $2,241,700 |
Property Taxes
