3701 Groometown Rd - Specialty FOR SALE


Greensboro, NC 27407
$275,000 USD
336-580-0556
3701 Groometown Rd, Greensboro, NC for Sale
$275,000 USD
Specialty - FOR SALE
1/1
null | Request Cap Rate

3701 Groometown Rd
Greensboro, NC 27407


OVERVIEW

Back on Market - last offer fell through. Zoning Update: Seller is in process for rezoning (on December 2024 Board Agenda) to LI with the following conditions: 1. Permitted uses are limited to all uses permitted in the LI zoning district except: Hotels/Motels and Manufacture or assembly of appliances, equipment, instruments (including musical instruments), precision items or electrical items, sporting goods, and toys. 2. Maximum sign height is limited to 15 feet. 3. No Outdoor Advertising signs (Billboards) shall be permitted. 4. The existing building must remain. 5. Only one principal building is permitted. A chance to own and rehabilitate the historic 1927 Sedgefield Showgrounds Barn for a new and exciting use. Approximately 6,696 sf heavy timber construction on the corner of Groometown and Vandalia Roads (~0.93ac). Interior volume may allow for the addition of mezzanine(s) or second floor. The barn is on the National Register study list and may be eligible for local and national landmark registry. state and national historic rehabilitation tax credits may be available for approved restoration/renovation and rehabilitation. The property may also be eligible for deferred property tax as an historic property. The current owner, Preservation Greensboro Development Fund can provide advice concerning tax and preservation programs. Good visibility and traffic counts. For sale at below tax value. Sold subject to preservation easement and rehabilitation agreement. Sale price of $275,000

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Historic Sedgefield Showgrounds Barn

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

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STORIES

1

BUILDING CLASS

-

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

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ZONING

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APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Ira SheldonSheldon Development GroupMore Info
336-580-0556

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Ira SheldonSheldon Development GroupMore Info
336-580-0556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.