Map of Property

2920 Lee Ave

For Sale

2920 Lee Ave, Sanford, NC 27332

This Sanford property for sale is located at 2920 Lee Ave. The general use of 2920 Lee Ave is industrial and it incorporates 9,690 square feet of class C industrial space. The current listed sale price for 2920 Lee Ave is $2,859,800. 2920 Lee Ave is situated on a lot that is 1.9 acre in size.

Contacts

broker
Silas Fortuin

Lee & Associates Raleigh-Durham-Wilmington

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 9,690 SF
  • Lot Size 1.9 Acre
  • Building Class C
  • Year Built 1973
  • Date Updated Jun 19, 2025
  • HVAC None
This prime industrial investment for sale is strategically located along Lee Avenue in Sanford, NC, a strong industrial and flex corridor. This location provides quick and easy access to US 421 Hwy leading to Lillington and NC 87 Hwy to Fayetteville and I-95. The US 421 Hwy Bypass provides a four-lane, divided highway route to US 1 Hwy towards the Raleigh-Durham metro. The facility is very close to the active retail market and the downtown district in Sanford which includes numerous restaurants and large retailers.
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Highlights

  • 1.9 acres
  • 9,690 SF flex/warehouse with ±1 acre of laydown yard
  • Cap rate: 6.00%
  • Freestanding flex investment with laydown available for purchase with a new, 10-year Herc Rental Lease.
  • Lease Commencement: March 1, 2025
  • Lease Expiration: April 30, 2035
  • Lease Term: 10yrs
  • Lease Type: NN
  • NOI: $171,588
  • Options Remaining: Two (2) options to renew for five (5) years each
  • Rent Increases: 2.5% annually
  • Sale price: $2,859,800
  • Turnkey office, showroom and 2 warehouses
  • Warehouse 1: 6,690 SF total (6 drive-in doors)
  • Warehouse 2: 3,000 SF total (4 drive-in doors)
  • Zoned C-2

Getting around

  • 52/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Sanford, NC
  • Zip Code 27332

Points of Interest

  • Amoco

    0.45 miles

  • Sheetz

    0.69 miles

  • Marathon

    0.77 miles

  • Exxon

    0.93 miles

  • Murphy USA

    0.96 miles

  • Circle K

    2.45 miles

  • Citgo

    2.85 miles

  • Lowes Foods Gas

    3.82 miles

  • Sam’s Xpress Car Wash

    0.48 miles

  • Harbour's Car Wash East

    0.62 miles

  • Enterprise

    2.04 miles

  • Harbour’s Car Wash

    4.17 miles

  • Dale's Car Wash

    5.30 miles

  • Circle K

    9.81 miles

  • Brannan Schlitz BBQ

    0.12 miles

  • Brick City Grill

    0.43 miles

  • Highway 55 Burgers Shakes & Fries

    0.45 miles

  • Smithfield’s Chicken ‘N Bar-BQ

    0.49 miles

  • DQ Grill & Chill

    0.50 miles

  • Hardee's

    0.51 miles

  • Golden Corral

    0.52 miles

  • Waffle House

    0.57 miles

  • Tropical Smoothie Cafe

    0.57 miles

  • Sonic

    0.58 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Silas Fortuin

Lee & Associates Raleigh-Durham-Wilmington

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