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Modernized Growth-Ready Flexible Warehouse 615 Industrial Ave 144,875 SF Vacant Industrial Building Online Auction Sale Salisbury, NC 28144
Matterport 3D Tour
Investment Highlights
- Premier flexible industrial warehouse facility situated on a 7.28-acre parcel with brick construction, 16 dock-high doors, and 1 grade-level drive-in.
- Flexible configuration and phased development allow for scalable operations or future reconfiguration to meet evolving owner/user demands.
- Situated among regional distributors, manufacturing firms, and established corporate users, including Food Lion, Goodyear, and Frito-Lay.
- Unmatched transportation connectivity, offering quick access to US 601, Hwy 29, and I-85, and only 45 miles from Charlotte Inland Port and CLT.
- Boasts Business District zoning, wet sprinkler system, energy-efficient lighting, TPO roofing with long-term warranties, & 150 on-site parking spaces.
- Supported by an industrial-heavy workforce with 34% of labor defined by goods-producing, trade, transportation, & utilities industries (10-mi radius).
Executive Summary
Built to support efficient operations, 615 Industrial Avenue is an industrial warehouse totaling approximately 144,875 square feet on 7.28 acres within Salisbury’s Business District zoning area. Constructed across multiple phases from 1963 through 2019, it features brick construction, dock-high and drive-in loading, a 12- to 17-foot clear height, a wet sprinkler system, and TPO roofing. The TPO roofing comes with a 20-year warranty, with 67,200 square feet installed in 2019 and 32,400 square feet installed in 2022, minimizing near-term capital expenditures. This is an exceptional owner/user opportunity for those seeking optimal efficiency with the ability to immediately occupy and tailor operations to specific business needs.
615 Industrial Avenue enjoys a strategic location directly off US 601, with swift access to surrounding arterials, including Highway 29 (2 miles) and Interstate 85 (3 miles). Signode operates a major engineering and manufacturing facility across the street. Logistics and regional distribution are seamless, positioned equidistant to Charlotte and Greensboro, with Charlotte Inland Port and Charlotte Douglas International Airport (CLT) just 45 miles away, supporting streamlined supply chain connectivity and reduced transit times across the Southeast corridor.
Nationally and regionally recognized commercial operators’ industrial facilities encircle the site, such as Food Lion, Frito-Lay, Goodyear, Yale Cordage, and Locust Plastics. This diverse mix of well-established, complementary industrial businesses reinforces Salisbury’s long-standing status as a proven industrial hub and supports operational synergy. Within a 10-mile radius, average household incomes exceed $87,000, and 34% of the workforce is employed in goods-producing, trade, transportation, and utilities industries, providing a reliable, industry-aligned labor pool to sustain ongoing operations.
Property tours are by appointment only. Please contact the listing broker to schedule.
615 Industrial Avenue enjoys a strategic location directly off US 601, with swift access to surrounding arterials, including Highway 29 (2 miles) and Interstate 85 (3 miles). Signode operates a major engineering and manufacturing facility across the street. Logistics and regional distribution are seamless, positioned equidistant to Charlotte and Greensboro, with Charlotte Inland Port and Charlotte Douglas International Airport (CLT) just 45 miles away, supporting streamlined supply chain connectivity and reduced transit times across the Southeast corridor.
Nationally and regionally recognized commercial operators’ industrial facilities encircle the site, such as Food Lion, Frito-Lay, Goodyear, Yale Cordage, and Locust Plastics. This diverse mix of well-established, complementary industrial businesses reinforces Salisbury’s long-standing status as a proven industrial hub and supports operational synergy. Within a 10-mile radius, average household incomes exceed $87,000, and 34% of the workforce is employed in goods-producing, trade, transportation, and utilities industries, providing a reliable, industry-aligned labor pool to sustain ongoing operations.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Auction Sale | Year Built/Renovated | 1963/2019 |
| Type of Ownership | Fee Simple | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.04/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 17’6” |
| Building Class | B | No. Dock-High Doors/Loading | 16 |
| Lot Size | 7.28 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 144,875 SF | Parcel Number | 450-A028 |
| Zoning | I - Industrial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 7.28 AC |
| Rentable Building Area | 144,875 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1963/2019 |
| Tenancy | Single |
| Parking Ratio | 1.04/1,000 SF |
| Clear Ceiling Height | 17’6” |
| No. Dock-High Doors/Loading | 16 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | I - Industrial |
| Parcel Number | 450-A028 |
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Charlotte
872,498
43
0 h 55 m
Columbus
892,533
412
8 h 1 m
Jacksonville
903,889
421
7 h 54 m
Philadelphia
1,584,138
503
10 h 3 m
Indianapolis
867,125
552
10 h 45 m
New York
8,398,748
587
11 h 42 m
Access and Labor Force
10 Miles
Total Population
106,878
Total Labor Force
55,100
Unemployment Rate
3.91%
Median Household Income
$63,020
Warehouse Employees
11,293
High School Education Or Higher
88.40%
Sale Advisors
Sale Advisors
Jason Ofsanko, Executive Director
Jason serves as a Director with Cushman & Wakefield’s Triad office and brings 20 years of experience to his practice. His focus is on landlord and tenant representation for both office and industrial clients, and has a reputation for providing his clients with honest and straightforward advice based upon their real estate needs and objectives. In 2017, Jason was recognized by the firm for being one of the most consistent producers for over a decade.
Jason began his real estate career as a Leasing Representative with Highwoods Properties, an office REIT headquartered in Raleigh, North Carolina. He worked in the Nashville and Greensboro offices with leasing responsibilities for 3 million square feet of office and industrial assets. He joined Triad Commercial Properties (now Cushman & Wakefield) in 2007. Jason enjoys playing golf and spending time outdoors with his wife, Stacey and their two kids.
Jason began his real estate career as a Leasing Representative with Highwoods Properties, an office REIT headquartered in Raleigh, North Carolina. He worked in the Nashville and Greensboro offices with leasing responsibilities for 3 million square feet of office and industrial assets. He joined Triad Commercial Properties (now Cushman & Wakefield) in 2007. Jason enjoys playing golf and spending time outdoors with his wife, Stacey and their two kids.
Jordan Mitchell, Managing Director
Jordan is a commercial real estate broker with Cushman & Wakefield’s Greensboro market. With over seven years of commercial real estate experience, Jordan has extensive experience with lease negotiations, purchase processes, site selection, land entitlement, and ground up development.
Before joining Cushman & Wakefield, Jordan was a Real Estate Manager with LDJ Global Strategies, a boutique commercial real estate investment firm, where he managed the acquisition and development of a stabilized 2+ million square foot industrial and office portfolio. Prior to that role, Jordan was a Facilities/Project Manager for XPO Logistics Supply Chain.
Jordan is a Greensboro native and resides in Summerfield with his wife and two children.
Before joining Cushman & Wakefield, Jordan was a Real Estate Manager with LDJ Global Strategies, a boutique commercial real estate investment firm, where he managed the acquisition and development of a stabilized 2+ million square foot industrial and office portfolio. Prior to that role, Jordan was a Facilities/Project Manager for XPO Logistics Supply Chain.
Jordan is a Greensboro native and resides in Summerfield with his wife and two children.
Tom Townes, Managing Director
Tom has practiced in the commercial real estate industry for over 32 years having started his career with a regional developer in 1988. He is now focused on the large industrial sector, where he serves agency clients on both the landlord and tenant sides. He also works actively advising clients in both the acquisition and disposition of industrial portfolios. Examples of his landlord clients include names such as: Link Industrial, Prologis, New York Life Investors, Intersect and Richardson Properties. Representative tenant clients include: Kroger, P&G, Highline Automotive and several international furniture concerns.
Having co-founded Triad Commercial Properties in 1999, Tom and his partners served their clients over 21 years prior to the sale of the firm to Cushman & Wakefield in 2020. During the course of his career, he has earned the CCIM and SIOR designations while also serving on local industry-affiliated boards.
A native of Danville, VA, Tom has lived in Greensboro since 1988. He and his wife, Cynthia, have two young adult daughters, both whom have recently graduated college and entered the professional world. When he’s not working, you’ll likely find him fishing, skiing, hunting, spending time at the beach with family, or traveling with Cynthia.
Having co-founded Triad Commercial Properties in 1999, Tom and his partners served their clients over 21 years prior to the sale of the firm to Cushman & Wakefield in 2020. During the course of his career, he has earned the CCIM and SIOR designations while also serving on local industry-affiliated boards.
A native of Danville, VA, Tom has lived in Greensboro since 1988. He and his wife, Cynthia, have two young adult daughters, both whom have recently graduated college and entered the professional world. When he’s not working, you’ll likely find him fishing, skiing, hunting, spending time at the beach with family, or traveling with Cynthia.
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Auction Contact
Kevin Loudy
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Modernized Growth-Ready Flexible Warehouse | 615 Industrial Ave
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