The Cotton Mill

Avison Young is pleased to exclusively present the unique opportunity to acquire a two-story ±260,000 square-foot industrial space located at 50 Providence Road in Roxboro, North Carolina.

Constructed in 1909, the property is well maintained and sits on ±8.94 acres. In addition, the property is conveniently located less than one mile from Downtown Roxboro and Roxboro High School with numerous amenities located within a one-mile radius including CVS, McDonald’s, Wendy’s, Food Lion and Subway. Roxboro is only a 45-minute drive from North Carolina’s renowned Research Triangle Park (RTP) and the rapidly growing city of Durham. Many of the warehouse spaces in this city have become satellite storage spaces for companies located in Durham and RTP due to its significant rent differential. By investing in renovations, a new owner could lease the space for this same purpose with the opportunity for rent growth in the coming years. Built on a solid foundation, this property can also continue to be used as a manufacturing space. With virtually no new warehouse construction underway in the Roxboro market, a company looking to expand into this area could use the property as an owner-occupied space. It is positioned on a rail track which may be enabled if needed, thus creating the opportunity to save the new owner or tenant significant transportation costs. This property has potential to easily be redeveloped into a structure that caters to the demands of Roxboro’s growth. The solid two-floor structure, each with 15-foot ceilings and majority hardwood flooring, creates the opportunity for this property to be easily converted to luxury apartments, senior housing or an assisted living facility.