241 Vance Str

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241 Vance Str

Forest City, NC 28043
Asking Price
$10.50M
Asset Type
Industrial
Class
Class B

What's Special

241 Vance Street is located in the industrial core of Forest City, North Carolina, situated within Rutherford County. The neighborhood is characterized by a mix of established manufacturing facilities and distribution centers. The property offers proximity to downtown amenities, including local dining and retail services. Transportation access is primary via US-74, providing a direct link to the regional highway network and connecting the site to major markets in Charlotte and Asheville. This location benefits from its position within a traditional industrial corridor served by local infrastructure. The property is suited for light manufacturing, regional warehousing, or trade-oriented operations. Ideal use cases include small-batch production, equipment storage, or distribution services requiring a central foothills location. Typical tenants for this asset profile include regional logistics firms, construction contractors, and light industrial manufacturers seeking functional space with straightforward road access. The layout and location cater to businesses prioritizing operational efficiency and proximity to the growing industrial base of Western North Carolina.

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NOI
$80,000
Cap Rate
0.76%
DSCR
0.13
Underwater
Cash-on-Cash
-17.25%
Monthly Payment
$51,948.271
Annual Cash Flow
$-543,379.252

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