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Vacant-User

Historic Sparty Mill Industrial | Renovated 2023 | CLT MSA

215 Bonview Ave, Lincolnton, NC 28092

Listing Price: Request For Offer

Gross SF
145,500
Lot Size
5.04 acres
Year Built
1905
Rentable SF
145,500

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in historic Sparty Mill industrial building located in Lincolnton, NC. Ideally located within the Charlotte MSA, the industrial building offers substantial value-add opportunity through filling vacancy, redevelopment, or is ideal for an owner user. The former textile manufacturing plant totals approximately 145,500 square-feet and underwent extensive renovations in 2023 to restore the old mill. Totaling over $4 million, the renovations included new plumbing, TPO roof, fire sprinklers, electrical, windows, freight doors, key-less entry system, cemented main parking lot, & more. Sparty Mill was also updated to become ADA compliant with new features including handicap parking spots, handicap accessible ramp, handicap accessible bathrooms, and handicap accessible water fountains. As a registered historic building, Sparty Mill offers ideal tax credits including the Historical Tax Credit, New Market Tax Credit, & more.

Located between the Blue Ridge Mountains and coastal plains, the Charlotte metro stretches 3,198 square miles across the Piedmont region of the Southeastern United States. It contains seven counties in North Carolina: Mecklenburg, Gaston, Union, Cabarrus, Iredell, Rowan, and Lincoln. South Carolina counties include York, Lancaster, and Chester. A strong financial presence has contributed to the local population growing to more than 2.7 million citizens, becoming one of the nation’s fastest-growing metros over the past 15 years. Charlotte is the largest city in the market with more than 945,000 people, and is followed by Concord and Gastonia, which combine to account for over 190,800 residents.

Investment Highlights

  • Historic Sparty Mill in the Charlotte MSA | $4 Million+ Invested Into Recent Renovations
  • New Energy Efficient TPO Roof | 18+ Years Left on Roof Warranty | Other Renovations Include New Plumbing, Electrical, Fire Sprinklers, Security System & More
  • Value-Add Opportunity by Filling Vacancy or Ideal for Owner User | Redevelopment Opportunity by Converting to Self-Storage or Residential Condos
  • Registered Historic Property | 20% Historical Tax Credit & New Market Tax Credit of 39% Over 7 Years
  • Ideally Positioned Less than 2 Miles from Highway 321 | Less than 37 Miles from Charlotte | Charlotte MSA Experiencing Substantial Growth | Over 8% Increase in Population from 2021 to 2022

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Vacant-User

Historic Sparty Mill Industrial | Renovated 2023 | CLT MSA

Listing Price: Request For Offer

Gross SF
145,500
Lot Size
5.04 acres
Year Built
1905
Rentable SF
145,500

Investment Highlights

  • Historic Sparty Mill in the Charlotte MSA | $4 Million+ Invested Into Recent Renovations
  • New Energy Efficient TPO Roof | 18+ Years Left on Roof Warranty | Other Renovations Include New Plumbing, Electrical, Fire Sprinklers, Security System & More
  • Value-Add Opportunity by Filling Vacancy or Ideal for Owner User | Redevelopment Opportunity by Converting to Self-Storage or Residential Condos
  • Registered Historic Property | 20% Historical Tax Credit & New Market Tax Credit of 39% Over 7 Years
  • Ideally Positioned Less than 2 Miles from Highway 321 | Less than 37 Miles from Charlotte | Charlotte MSA Experiencing Substantial Growth | Over 8% Increase in Population from 2021 to 2022

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in historic Sparty Mill industrial building located in Lincolnton, NC. Ideally located within the Charlotte MSA, the industrial building offers substantial value-add opportunity through filling vacancy, redevelopment, or is ideal for an owner user. The former textile manufacturing plant totals approximately 145,500 square-feet and underwent extensive renovations in 2023 to restore the old mill. Totaling over $4 million, the renovations included new plumbing, TPO roof, fire sprinklers, electrical, windows, freight doors, key-less entry system, cemented main parking lot, & more. Sparty Mill was also updated to become ADA compliant with new features including handicap parking spots, handicap accessible ramp, handicap accessible bathrooms, and handicap accessible water fountains. As a registered historic building, Sparty Mill offers ideal tax credits including the Historical Tax Credit, New Market Tax Credit, & more. Located between the Blue Ridge Mountains and coastal plains, the Charlotte metro stretches 3,198 square miles across the Piedmont region of the Southeastern United States. It contains seven counties in North Carolina: Mecklenburg, Gaston, Union, Cabarrus, Iredell, Rowan, and Lincoln. South Carolina counties include York, Lancaster, and Chester. A strong financial presence has contributed to the local population growing to more than 2.7 million citizens, becoming one of the nation’s fastest-growing metros over the past 15 years. Charlotte is the largest city in the market with more than 945,000 people, and is followed by Concord and Gastonia, which combine to account for over 190,800 residents.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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