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Vance ST Portfolio 9 Properties Offered at $10,500,000 in Forest City, NC



Executive Summary
Kassin Sabbagh Realty is pleased to present 241 Vance Street, a commercial property located in Forest City, North Carolina. Positioned along a well-traveled corridor, the property benefits from convenient access to downtown Forest City and the surrounding Rutherford County market. The asset is situated within a growing commercial area that serves both local residents and regional visitors, offering strong visibility and accessibility. Surrounded by a mix of retail, service-oriented businesses, and residential neighborhoods, the property is well-positioned for a variety of commercial uses. Its strategic location and accessibility make it an attractive opportunity for investors, owner-users, or redevelopment in one of Western North Carolina’s established commercial corridors.241 Vance Street presents a compelling opportunity for investors, owner-users, and developers seeking a well located commercial asset with flexible use potential. Whether maintained as an income-producing property, repositioned for a new commercial concept, or redeveloped to maximize site value, the property offers significant upside within one of Western North Carolina’s established and evolving commercial corridors. Its combination of visibility, accessibility, and strategic location makes it a standout opportunity in the Forest City market.
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- Offering Memorandum
Property Facts
| Price | $10,500,000 | Number of Properties | 9 |
| Price / SF | $59.81 / SF | Individually For Sale | 0 |
| Cap Rate | 7.40% | Total Building Size | 175,542 SF |
| Sale Type | Investment | Total Land Area | 219.87 AC |
| Status | Active |
| Price | $10,500,000 |
| Price / SF | $59.81 / SF |
| Cap Rate | 7.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 175,542 SF |
| Total Land Area | 219.87 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Building 8
241 Vance St, Forest City, NC 28043 |
Industrial | 50,100 SF | 1999 | - |
|
Building 6
241 Vance St, Forest City, NC 28043 |
Industrial | 30,000 SF | 1989 | - |
|
Building 7
241 Vance St, Forest City, NC 28043 |
Industrial | 30,000 SF | 1997 | - |
|
Building 3
241 Vance St, Forest City, NC 28043 |
Industrial | 20,200 SF | 1989 | - |
|
Building 9
241 Vance St, Forest City, NC 28043 |
Industrial | 20,000 SF | 1999 | - |
|
Building 1
241 Vance St, Forest City, NC 28043 |
Industrial | 10,000 SF | 1999 | - |
|
Building 2
241 Vance St, Forest City, NC 28043 |
Industrial | 6,000 SF | 1974 | - |
|
Building 5
241 Vance St, Forest City, NC 28043 |
Industrial | 4,242 SF | 1988 | - |
|
Building 4
241 Vance St, Forest City, NC 28043 |
Office | 5,000 SF | 1985 | - |
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