501 E Naomi St - Distribution FOR SALE


Randleman, NC 27317
$4,999,000 USD
336-692-5612
501 E Naomi St, Randleman, NC for Sale
$4,999,000 USD
Distribution - FOR SALE
1/16
null | Request Cap Rate

501 E Naomi St
Randleman, NC 27317


HIGHLIGHTS

  • EXCELLENT opportunity for apartment renovation. *inquire about existing architectural plans
  • Can be combined with 7.58 acre property across Deep River that is zoned for duplex development
  • Facility has new and updated sprinkler system suitable for industrial AND residential use
  • Very clean and well maintained
  • Greenway located between building and river
  • Short term lease also available

OVERVIEW

IDEAL: Multifamily conversion project overlooking Deep River and adjacent to Randleman Greenway. This property consists of 2 parcels that can be purchased together OR separately. *inquire about price reduction for purchasing both properties. Parcel 1 has 120,000 mill building with new sprinkler system (rated for industrial OR residential). Evaluated and upfitted within past 1.5 years by professional structural engineer. Exceptionally clean. Architectural drawings have been prepared to show potential layout in main building for 1, 2 and 3 bedroom apartments. (note: *portion of property is in 100 yr flood plain, inquire about insurance) Parcel 2: is directly across Deep River with approx. 7.6 acres is zoned for duplex or townhomes. This development was also laid out by architect and can be shared. Drone footage will be linked when complete. *building can be leased as on short term only up to 6 months. 40,000 - 120,000sf (inquire)

FOR SALE DETAILS

PRICE

$4,999,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Multifamily Renovation Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

UTILITIES

Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

9

DRIVE INS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

8.77

LAND SF

382,021

ZONING

I-1

APN/PARCEL ID

7765-34-9303

ASK ABOUT THIS PROPERTY

Mark LindsayLindsay Commercial PropertiesMore Info
336-692-5612

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Mark LindsayLindsay Commercial PropertiesMore Info
336-692-5612

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