215 Bonview Avenue
$2.95M
Classification: DC-Convertible Building
Existing building with industrial characteristics suitable for repurposing
Site Map & Areas
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Technical Specifications
- Zoning
- GMC
Description
The historic Sparty Mill in Lincolnton, NC presents a 135,000-square-foot industrial conversion opportunity within the Charlotte MSA, approximately 37 miles from the city center and under two miles from Highway 321. The former textile manufacturing facility underwent over $4 million in capital improvements in 2022, including complete electrical infrastructure upgrades, new plumbing, TPO roofing with 18-plus years of warranty remaining, fire sprinkler system installation, modern freight doors, and keyless entry security. The site currently features 227/480V three-phase 400-amp service and has been brought to full ADA compliance with accessible entrances, restrooms, and parking. As a registered historic property, the building qualifies for a 20% Historical Tax Credit and New Market Tax Credits totaling 39% over seven years, providing significant capital cost offsets for redevelopment. The combination of recent infrastructure investment, available vacancy for custom build-out, and proximity to Charlotte's connectivity and power grid positions this asset for adaptive reuse by infrastructure operators seeking substantial square footage with tax-advantaged economics in a secondary Southeastern market.
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