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1007 Lexington Ave 1007 Lexington Ave 96,000 SF 80% Leased Industrial Building Salisbury, NC 28144 $4,525,620 CAD ($47.14 CAD/SF) 5.28% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 12 Divided Bays
  • New Roof
  • Has Dock-High and Drive In Doors

EXECUTIVE SUMMARY

Prime Light Industrial Opportunity in Salisbury, NC
Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial building offers excellent access, functionality, and infrastructure for a wide range of users and investors. The property features a 14’ clear height, sprinkler system throughout, and four dock-high loading doors, supporting efficient warehousing, distribution, or light manufacturing operations.
The building is currently approximately 80% tenant occupied, providing immediate income. Copies of existing leases are available upon request, and all leases are short-term, allowing flexibility for a buyer seeking partial or full owner-occupancy in the near term.
The property includes a ±0.69-acre fenced yard, ideal for secure outdoor storage or equipment staging, as well as a separate ±0.22-acre dedicated parking lot. Interior improvements include five restrooms, with three located in Bay 1 and two in Bay 12, ensuring convenient facilities throughout the building.
Additionally, three-phase power is available in Bay 12, servicing nearly half of the facility and accommodating power-intensive operations. This well-located and versatile asset presents a rare opportunity for investors or owner-users seeking scale, income, and flexibility in the Salisbury industrial market.
Showings are by appointment only. Please do not disturb the current tenants.

PROPERTY FACTS

Price $4,525,620 CAD
Price Per SF $47.14 CAD
Sale Type Investment or Owner User
Cap Rate 5.28%
Property Type Industrial
Property Subtype
Manufacturing
  • Showroom
  • Industrial Warehouse
  • FlexLight Distribution
Building Class B
Lot Size 3.47 AC
Rentable Building Area 96,000 SF
No. Stories 1
Year Built 1920
Clear Ceiling Height 13’9”
No. Dock-High Doors/Loading 5
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes
Zoning LI - light Industrial

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Storage Space

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - 1B
  • 4,320 SF
  • Industrial
  • -
  • Now

Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial facility offers flexible leasing options for warehousing and storage users. The building features a 14’ clear height, sprinkler system throughout and offers multiple configurations at different sizes to fit your business.

  • 1st Fl - 2B
  • 5,171 SF
  • Industrial
  • -
  • Now

Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial facility offers flexible leasing options for warehousing and storage users. The building features a 14’ clear height, sprinkler system throughout and offers multiple configurations at different sizes to fit your business.

  • 1st Fl - 4A
  • 2,610 SF
  • Industrial
  • Shell Space
  • 30 Days

Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial facility offers flexible leasing options for warehousing and storage users. The building features a 14’ clear height, sprinkler system throughout and offers multiple configurations at different sizes to fit your business.

Space Size Space Use Condition Available
1st Fl - 1B 4,320 SF Industrial - Now
1st Fl - 2B 5,171 SF Industrial - Now
1st Fl - 4A 2,610 SF Industrial Shell Space 30 Days

1st Fl - 1B

Size
4,320 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - 2B

Size
5,171 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - 4A

Size
2,610 SF
Space Use
Industrial
Condition
Shell Space
Available
30 Days

1st Fl - 1B

Size 4,320 SF
Space Use Industrial
Condition -
Available Now

Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial facility offers flexible leasing options for warehousing and storage users. The building features a 14’ clear height, sprinkler system throughout and offers multiple configurations at different sizes to fit your business.

1st Fl - 2B

Size 5,171 SF
Space Use Industrial
Condition -
Available Now

Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial facility offers flexible leasing options for warehousing and storage users. The building features a 14’ clear height, sprinkler system throughout and offers multiple configurations at different sizes to fit your business.

1st Fl - 4A

Size 2,610 SF
Space Use Industrial
Condition Shell Space
Available 30 Days

Located in the heart of Salisbury and just 5 minutes from I-85, this 96,000 SF light industrial facility offers flexible leasing options for warehousing and storage users. The building features a 14’ clear height, sprinkler system throughout and offers multiple configurations at different sizes to fit your business.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
011-376
Land Assessment
$163,128 CAD
Improvements Assessment
$162,160 CAD
Total Assessment
$325,288 CAD
  • Listing ID: 39215590

  • Date on Market: 2026-01-26

  • Last Updated:

  • Address: 1007 Lexington Ave, Salisbury, NC 28144

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