Map of Property

2920 Lee Ave

2920 Lee Ave, Sanford, NC 27332

  • For Sale $2,859,800
  • Property Type Industrial - Flex - Industrial
  • Property Size 9,690 SF
  • Lot Size 1.9 Acre
  • Building Class C
  • Year Built 1973
  • Date Updated Jun 12, 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

Contacts

broker
Silas Fortuin

Lee & Associates Raleigh-Durham-Wilmington

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable

  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • 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

  • Food Lion

    0.35 miles

  • Big Lots

    0.38 miles

  • Marshalls

    0.45 miles

  • Ross

    0.48 miles

  • ALDI

    0.54 miles

  • Piggly Wiggly

    0.68 miles

  • Burke’s Outlet

    0.85 miles

  • Lidl

    0.93 miles

  • Walmart Supercenter

    0.97 miles

  • Save-A-Lot

    1.04 miles

  • Walgreens

    1.01 miles

  • CVS Pharmacy

    1.25 miles

  • Lee County Sheriff’s Office

    1.60 miles

  • Walgreen's

    1.86 miles

  • Central Carolina Hospital

    2.68 miles

  • Lemon Springs Fire Department

    5.00 miles

  • Northview Fire Department

    5.81 miles

  • Cape Fear Rural Fire Department Station 2

    6.16 miles

  • Benhaven Fire Department Oliva Station

    6.34 miles

  • Deep River Rural Fire Department

    6.66 miles

Frequently Asked Questions

How much does 2920 Lee Ave cost?

The space currently listed for sale at 2920 Lee Ave asks for $2,859,800.

What is the total square footage of 2920 Lee Ave?

2920 Lee Ave totals 9,690 square feet.

When was this property built?

2920 Lee Ave was built in 1973.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Silas Fortuin

Lee & Associates Raleigh-Durham-Wilmington

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