Warehouse & 2 Land Sites with Rail Access Listing Details & Market Data

23 Commonwealth Street, Laurinburg, NC 28352

  • For Sale $349,000
  • Property Type Industrial - Manufacturing
  • Property Size 16,000 SF
  • Lot Size 19 Acre
  • Year Built 1956
  • Date Updated Mar 30, 2024
  • Dock High Doors 1
  • HVAC None
19 acres available for development in Laurinburg, NC (Scotland County). Located facing Commonwealth Street (also known as Railroad Street) with rail access. Easy access to I-95, Highway 74 and US Highway 401; 90 miles from Wilmington, 80 miles from Charlotte.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 Light Manufacturing and 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/ Here are some potential development opportunities in the city of Laurinburg: • Laurinburg/Maxton Airport Expansion • Local Timber Processing • Chicken Farming Processing Facility • I-74 Highway expansion • Scrap yard • Cement or Crushed Concrete facility

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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
  • Great logistics - the 12-acre site has rail access with the warehouse for loading
  • Utilities are available - subject to independent verification
  • Responsive business friendly local government that offers special incentives:
  • Up to $150,000.00 available in Rural Area Development grants for site clean up
  • Phase 1 Environmental report completed on August 30, 2023
  • Suitable for variety of industrial and commercial uses
  • Located along key trade routes via Highway 74, US Highway 401, and I-9
  • 0% seller-financing is available

Contacts

broker

Guzel Lubinski

Golden Group Real Estate

(312) 237-0290

Location

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  • City Laurinburg, NC
  • Neighborhood East Laurinburg
  • Zip Code 28352

Points of Interest

  • Citgo

    1.36 miles

  • Exxon

    1.57 miles

  • Speedway

    1.83 miles

  • Speedway

    2.10 miles

  • Shell

    2.94 miles

  • BP

    6.20 miles

  • Citgo

    6.51 miles

  • Save-A-Lot

    2.14 miles

  • Walmart Supercenter

    2.44 miles

  • Food Lion

    2.53 miles

  • Belk

    2.54 miles

Contact Listing Broker

broker

Guzel Lubinski

Golden Group Real Estate

(312) 237-0290