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Redevelopment Opportunity | 10.52-Acre Parcel 500 S Chippewa St 71,529 SF Industrial Building Online Auction Sale Lumberton, NC 28358
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Investment Highlights
- 500 S Chippewa Street, Lumberton, North Carolina, is a 71,529-square-foot former Pepsi bottling facility now offered vacant and in shell condition.
- Redevelopment or full rehabilitation opportunity on a 10.52-acre parcel with M-1 (Manufacturing) and B-3 (Commercial).
- Regionally connected by I-95 and I-74, only 1.5 hours to the Port of Wilmington, 2 hours to Charlotte, 4 hours to Norfolk, and 5 hours to Atlanta.
- Future operators will benefit from skilled labor pools, as roughly 32% of workers within a 10-mile radius are employed in industrial sectors.
- Features on-site fueling infrastructure, fleet parking and outdoor storage areas, multiple loading docks and drive-in doors, and a replaced roof.
- Secure an asset as Lumberton sees growth above the national average, as the population within a 5-mile radius grew by 7% from 2020 to 2025.
Executive Summary
Positioned on 10.52 acres in one of southeastern North Carolina's most strategic industrial corridors, 500 S Chippewa Street presents a rare value-add redevelopment or rehabilitation opportunity. The property consists of a vacant 71,529-square-foot former Pepsi bottling facility offered in shell condition, creating a blank canvas for investors or adaptive reuse developers seeking to capitalize on an established industrial asset. The site benefits from dual M-1 (Manufacturing) and B-3 (Commercial) zoning, providing flexibility for a wide range of industrial, warehouse, distribution, and commercial uses.
The facility features a recently replaced roof, multiple loading docks, drive-in doors, and substantial paved yard and fleet parking areas that support truck circulation and outdoor storage needs. Existing on-site infrastructure includes former diesel and gasoline fueling stations and tanks. With significant acreage, existing industrial improvements, and flexible zoning, the property is viable for repositioning, expansion, or full transformation.
Located in Lumberton, the county seat of Robeson County, the property benefits from immediate access to Interstate 95 and nearby Interstate 74, two of the Southeast's most important transportation corridors. Often recognized as a midpoint location between New York and Florida, Lumberton provides efficient connectivity to East Coast population centers, regional distribution networks, and the Port of Wilmington. The market continues to attract industrial and logistics investment due to its transportation infrastructure, workforce availability, and business-friendly operating environment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The facility features a recently replaced roof, multiple loading docks, drive-in doors, and substantial paved yard and fleet parking areas that support truck circulation and outdoor storage needs. Existing on-site infrastructure includes former diesel and gasoline fueling stations and tanks. With significant acreage, existing industrial improvements, and flexible zoning, the property is viable for repositioning, expansion, or full transformation.
Located in Lumberton, the county seat of Robeson County, the property benefits from immediate access to Interstate 95 and nearby Interstate 74, two of the Southeast's most important transportation corridors. Often recognized as a midpoint location between New York and Florida, Lumberton provides efficient connectivity to East Coast population centers, regional distribution networks, and the Port of Wilmington. The market continues to attract industrial and logistics investment due to its transportation infrastructure, workforce availability, and business-friendly operating environment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Auction Sale | Year Built | 1955 |
| Type of Ownership | Fee Simple | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 20’6” |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 10.52 AC | Parcel Number | 3244-02-002 |
| Rentable Building Area | 71,529 SF | ||
| Zoning | M-1, B-3 - Manufacturing, Commercial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 10.52 AC |
| Rentable Building Area | 71,529 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Tenancy | Single |
| Clear Ceiling Height | 20’6” |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | M-1, B-3 - Manufacturing, Commercial |
| Parcel Number | 3244-02-002 |
Amenities
- Fenced Lot
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
About North Carolina Southeast Area
Located in eastern North Carolina, Lenoir County is surrounded by many of the state’s largest metropolitan areas. Its network of roadways allows for convenient access to outside markets, making it an attractive area for industrial users. U.S. 70 bisects the county and provides direct access to Raleigh and Morehead City. U.S. 258 connects the area to Jacksonville, North Carolina, about 30 miles south.
Kinston is Lenoir County’s largest city, and other dense population centers include Pink Hill and La Grange. The area’s employment base leans heavily towards manufacturing and agriculture. It has a diverse set of manufacturing tenants, including food processing, advanced, and drug manufacturing firms. The county’s largest employers include Sanderson Farms, West Pharmaceutical Services, and Spirit AeroSystems.
Pink Hill, a town in south Lenoir County, typically caters to small, local businesses seeking affordable space. Assets generally offer buyers a discount to larger nearby markets.
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Charlotte
872,498
128
2 h 46 m
Washington
702,455
353
6 h 42 m
Jacksonville
903,889
358
6 h 35 m
Philadelphia
1,584,138
493
9 h 45 m
Columbus
892,533
534
10 h 24 m
New York
8,398,748
576
11 h 23 m
Access and Labor Force
10 Miles
Total Population
52,069
Total Labor Force
22,667
Unemployment Rate
5.21%
Median Household Income
$46,142
Warehouse Employees
4,448
High School Education Or Higher
80.80%
$ values in USD
Sale Advisors
Sale Advisors
Adam Slutzky,
Broker
Adam’s skill and integrity has earned him a reputation as one of Atlanta's pre-eminent commercial real estate brokers. Adam specializes in leasing, buying and selling of industrial, office, retail spaces and land. Assist with 1031 Exchanges and ground-up construction. Currently holds brokerage licenses in 20 states.
Elliott Kyle,
Vice President | Partner
Elliott Kyle is responsible for Skyline Seven’s Investment Sales Division and is one of Atlanta’s top sale producers. Elliott offers a breadth of brokerage experience having represented private investors, institutions, and lenders/ special servicers. Over the last 15 years alone, Elliott closed real estate transactions in excess of $750,000,000. Previously, Elliott was Vice President for Shane Investment Property Group, an Atlanta-based investment sales brokerage firm. In his capacity at Shane, Elliott transacted various property types and was instrumental in the training of new agents. Elliott also held previous senior management positions with Rock-Tenn Company and Manhattan Associates, a multi-national firm. Elliott attended Tulane University and the University of Georgia, earning a degree in Economics. Following his undergraduate studies, Elliott attended Georgia State University, earning his MBA. Elliott lives in Druid Hills with his wife and son. Elliott is a native of Atlanta and enjoys a number of hobbies, one being an avid golfer and a member of Druid Hills Golf Club. In addition, Elliott has been involved in a number of not-for-profit organizations, such as Senior Warden of the Vestry at St. Luke’s Episcopal Church, President of the Board of Trustees at Canterbury Court (CCRC), Vice President with the Druid Hills Civic Association, Courtland Street Mission, and more.
Chase Murphy, Vice President | Partner
Chase represents buyers and sellers of commercial real estate at Skyline Seven. Chase has a vast knowledge of transactional real estate and applies his expertise to single tenant and multi-tenant retail and office properties. Representing real estate companies, private investors, high net worth families and lenders/special servicers, Chase is committed to profitable and seamless closings for his clients. Over the last 5 years alone, Chase has executed over $250,000,000 of real estate transactions.
Prior to joining Skyline Seven, Chase worked as a real estate asset manager for Altisource and managed a real estate portfolio in excess of $35,000,000 while removing over $70,000,000 of distressed real estate assets from his clients’ balance sheets. At Altisource, Chase specialized in building relationships with his clients while advising and executing loss-mitigation strategies for their real estate assets. Chase attended Valdosta State University, earning a degree in finance and is a long-time Atlanta resident and lives in Smyrna with his wife. Chase enjoys spending time with family and friends, playing golf, attending sporting events and entertaining his nephews and niece. In addition, Chase currently serves on the young professional board for Action Ministries which provides food to nearly 7,000 children across Georgia.
Prior to joining Skyline Seven, Chase worked as a real estate asset manager for Altisource and managed a real estate portfolio in excess of $35,000,000 while removing over $70,000,000 of distressed real estate assets from his clients’ balance sheets. At Altisource, Chase specialized in building relationships with his clients while advising and executing loss-mitigation strategies for their real estate assets. Chase attended Valdosta State University, earning a degree in finance and is a long-time Atlanta resident and lives in Smyrna with his wife. Chase enjoys spending time with family and friends, playing golf, attending sporting events and entertaining his nephews and niece. In addition, Chase currently serves on the young professional board for Action Ministries which provides food to nearly 7,000 children across Georgia.
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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 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Redevelopment Opportunity | 10.52-Acre Parcel | 500 S Chippewa St
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Redevelopment Opportunity | 10.52-Acre Parcel | 500 S Chippewa St
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