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    723 Chimney Rock Rd Greensboro, NC 27409

    Sponsored
    For Sale
    $269,900

    2.59 Acres, LI Zoning, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2.59-acre industrial property, located at 723 S Chimney Rock Road in Greensboro, North Carolina, presents a compelling investment opportunity. The property is zoned LI, offering a wide range of potential uses for developers and entrepreneurs. Its expansive size provides ample space for various industrial projects, from warehousing and distribution to light manufacturing or potential redevelopment. The strategic location within Greensboro offers convenient access to major transportation routes, ensuring efficient logistics and connectivity to the wider regional market. The property's current condition allows for immediate development or customization to suit specific business needs. This is a rare chance to acquire a substantial parcel of land in a thriving industrial area, providing significant potential for future growth and return on investment. The absence of existing structures allows for complete design flexibility, enabling the creation of a bespoke facility tailored to the buyer's precise requirements. Given the favorable zoning and prime location, this property is ideally suited for businesses seeking to establish a strong presence in the Greensboro market. Serious inquiries are encouraged to explore the full potential of this exceptional industrial land offering. The asking price is $269,900.

    Property Features for 723 Chimney Rock Rd

    General Information

    Property type
    Industrial properties
    Lot Size
    112,820 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Auto Repair Shop Building Supply Nail Salon Clothing Store Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.94485
    Latitude
    36.06376

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    FAQs

    What type of property is this?
    Industrial property - 2.59 Acres, LI Zoning, High Potential
    Where is this industrial property located?
    The property is located at 723 Chimney Rock Rd Greensboro, NC.
    What is the asking price?
    The asking price for this property is $269,900.
    Request Owner's contact information
    723 Chimney Rock Rd Greensboro, NC 27409
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    Greensboro, NC 27409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    723 Chimney Rock Rd Greensboro, NC 27409
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