Published on: Tuesday, July 2, 2024
Updated on: Tuesday, July 2, 2024
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About the Lister
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Name: Guzel Lubinski
Company: Golde Group Real Estate
Office Phone: 312-237-0290
Cell Phone: 312-237-0290
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Financing  Business  Material
  Commercial property
23 Commonwealth St, Laurinburg, NC 28352 Laurinburg North Carolina , 28352
23 Commonwealth St, Laurinburg, NC 28352 Laurinburg North Carolina                                                                                      , 28352 Golde Group Real Estate
Listing ID: CL-North Carolina-10

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-North Carolina-10
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1956
Building Size: 16,000 SqFt
Lot Size: 16,000 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Golden Group Real Estate, Inc. is pleased to present an opportunity to acquire 16,000 SF of vacant warehouse building and 19 acres available for development located in the southern portion of North Carolina.
Complete Details
Year Build: 1956
Building Size: 16,000 SqFt.
No of Stories: 1
Total Lot Area: 16000 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: C
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Golden Group Real Estate, Inc. is pleased to present an opportunity to acquire 16,000 SF of vacant warehouse building and 19 acres available for development located in the southern portion of North Carolina, in the city of Laurinburg (Scotland County), just off Highway 74, approximately 90 miles from Wilmington and 80 miles from Charlotte. The land is comprised of two sites, 12 acres and 7 acres, located roughly two blocks apart. The 16,000 SF of warehouse building is adjacent to a 12-AC site and has a railroad easement that can be used for shipping. The sites are zoned LM (Light Manufacturing) and GC (General Commercial). The sellers offer 0% short-term seller financing for qualified buyers. The rail line is operated by LRS https://www.gulfandohio.com. The rail line has an easement going through the property and their line connects to a mainline further down towards where Commonwealth and Celadonia meet. Owner can load freight onto the rail directly from the property. The property has a warehouse, but it requires a new roof; the foundation and general structure are in a good shape. There is also a loading door on the warehouse so the rail can be directly loaded from the warehouse. Phase 1 Environmental report completed on August 30, 2023. Please note that the subject property has a lot of debris on it as it used to be a textile factory. A potential buyer can apply up to $150,000.00 in Rural Area Development grant for the site clean-up. The sellers are also offering clean-up at additional, discounted price. These highly visible parcels present investors with the unique opportunity to purchase these very desirable industrial land parcels and take advantage of the special incentives being offered from the North Carolina Economic Development Department. To learn more about different incentive packages that the city of Laurinburg and Scotland County have to offer, please visit the following sites: https://edpnc.com/relocate-or-expand/incentives/ and https://scotlandcountyedc.org/.
Additional Properties
Property Other Use
  • Laurinburg/Maxton Airport Expansion
  • Local Timber Processing
  • Chicken Farming Processing Facility
  • I-74 Highway expansion
  • Scrap yard
  • Cement or Crushed Concrete facility
Property Highlights
  • 16,000 SF of warehouse building with railroad access and 2 land parcels (19 acres)
  • Located 43 miles from Fayetteville and Fort Bragg
  • Previous home to a textile factory - large labor market in the region
  • Home to St. Andrews University - a branch of Webber International University
  • Utilities are available - subject to independent verification
  • Suitable for variety of industrial and commercial uses
Listing Location
Attached Documents
  • Download | 23_Commonwealth_Laurinburg_NC_Flyer_FINAL.pdf ( 2,195.55KB)
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