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$ 350,000
Est. payment | /mo
1.37 Acres Lot
$ 350,000
Est. payment | /mo
1.37 Acres Lot
Key Details
Property Type Commercial
Sub Type Warehouse/Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4403038
Year Built 1960
Lot Size 1.370 Acres
Acres 1.37
Property Sub-Type Warehouse/Office
Property Description
3750 Highway 90 E presents a compelling opportunity to acquire a stabilized, fully leased industrial/flex investment property in Alexander County, North Carolina. The asset produces immediate, predictable cash flow under a lease structure that minimizes landlord responsibilities while maximizing income certainty. The property comprises approximately 4,200 square feet of industrial/flex space situated on 1.37 acres with direct Highway 90 frontage. Mixed-use zoning affords future flexibility for a wide range of commercial and light industrial uses. The tenant occupies under a lease extending through September 30, 2030, with contractual 3% annual rental escalations. The seller has advised that the tenant has already expressed interest in extending occupancy through an additional five-year renewal period. Well suited for private investors, 1031 exchange buyers, and passive income investors seeking institutional-quality lease structure at an accessible entry price. Investment Highlights: 100% occupied with a current lease through September 2030 and contractual 3% annual escalations built into the lease. Offered at $350,000, an accessible price point for a fully stabilized, income-producing commercial asset. Direct frontage on Highway 90 E ensures strong visibility and accessibility for commercial and logistics-oriented uses. Tenant has already expressed interest in renewing for an additional five-year term, signaling strong occupancy confidence. Net-lease structure limits day-to-day landlord responsibilities, making this an ideal passive investment. An ideal replacement property for 1031 exchange buyers seeking to defer capital gains while acquiring stabilized income.
Location
State NC
County Alexander
Zoning MU
Interior
Inclusions Building
Exterior
Street Surface Paved
Building
Dwelling Type Site Built
New Construction false
Others
Senior Community false
Special Listing Condition Subject to Lease
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Erika McNew • The Virtual Realty Group • erikamcnew@gmail.com
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