12045 Old Us Highway 70 W
Cove City, NC, 28523 $ 2,000,000
Bedrooms-- Baths-- Monthly Estimate*
$ 13,814
for $2,000,000. This building was built in 1940 on a lot size of 161.
Discover an exceptional commercial and recreational opportunity at 12045 Old US Highway 70 in Cove City, North Carolina. Formerly home to Baillie Lumber Company and World Wood, this expansive 161 acre property offers an established industrial style facility, substantial covered storage, enclosed metal buildings, and extensive wooded acreage with outstanding potential for a variety of commercial and recreational uses. Approximately 30 acres encompass the existing facility, featuring multiple storage buildings, overhang shelters, and two substantial enclosed metal buildings measuring approximately 100' x 120' and 175' x 150'. These expansive structures offer significant potential for commercial storage, equipment and materials storage, warehouse operations, or the development of indoor recreational facilities, subject to applicable approvals and building requirements. Imagine the possibilities for indoor volleyball, soccer, training facilities, or other large-scale recreational concepts requiring substantial covered space. Beyond the developed facility, approximately 131 acres of wooded land provide additional space, privacy, and opportunities for future planning and investment, subject to zoning, permitting, access, and site suitability. The combination of existing infrastructure and extensive acreage creates a unique opportunity for investors, developers, commercial operators, or entrepreneurs seeking a property with room to grow. Zoned commercial, this substantial tract offers a rare combination of existing buildings, covered work and storage areas, and significant undeveloped land in one expansive property. Whether envisioning a commercial storage operation, an indoor sports and recreation destination, or another permitted commercial venture, this property offers a versatile foundation for exploring your next investment. Important property conditions: Forklifts and wood products remaining on site do not convey with the sale. The property is subject to a restriction prohibiting its use as a hardwood lumber sawmill; the processing of hardwood logs into lumber; the processing of hardwood lumber for sale; the drying of hardwood lumber; or the storage of hardwood lumber or hardwood logs. A rare opportunity to acquire substantial acreage with existing commercial infrastructure and room to envision what comes next. Explore the possibilities at this distinctive Cove City property and bring your next commercial or recreational venture to life.
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FeaturesGeneralHeating Heat Pump Electric
Cooling Heat Pump
Utilities Electricity Connected Water Connected
Possession Close Of Escrow At Closing
Roof Metal Shingle
Zoning COMMERCIAL
Construction Materials Concrete Vinyl Siding Steel Frame Wood Frame
Year Built 1940
Property Subtype Business
Tax Year 2025
Current Use Vacant Timber Commercial Industrial
Location Freestanding
Parcel Number 3-044 -040
Business Type Storage Commercial Warehouse Industrial
Waterfront Features None
County Craven
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) N
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Possible Use Commercial Industrial Investment Recreational Warehouse
Garage Y/N N
Status Active
Directions From Main Street in Cove City take Old US Hwy 70 West approximately 2.7 miles
City Cove City
Lot Size Units Acres
Lot Size Square Feet 7013160.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2026-10-21
Structure Type Steel Frame Wood Frame Metal Fab
Standard Status Active
Tax Assessed Value 2455040
Legal Description BRYANT LAND
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InteriorBasement None
Water Heater Electric
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Total Baths 0
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ExteriorExterior Finish Vinyl Siding
Parking Features Paved
Water Source Public
Lot Size Area 161.0
Spa N
Building Area Total 1750.0
Lot Dimensions 2768 x 1124
Lot Size Acres 161.0
Waterfront Y/N N
Road Frontage Type Highway
Crops Included Y/N N
Horse Y/N N
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* Excluded FeaturesList ByMeg UnderwoodListing Agent
Realty One Group EastBroker
meg@underwoodregroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,814
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Cove City, NC
Average List Price $0
Percent of Sale Price 100%
About Cove City, NC 2,292 Population
-2% Since 2002
$ 51,232 Median Income
44.34 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/21/2026 | $2,000,000 | | Listed Price |