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    1807 New Garden Rd Greensboro, NC 27410

    Sponsored
    For Sale
    $628,000

    6.2-acre lot, prime Greensboro location. Ready for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 6.2-acre parcel at 1807 New Garden Road in Greensboro, NC presents a remarkable investment opportunity. Ideally situated in a highly desirable multi-family area, this property boasts significant road frontage, convenient median access, and existing curbing leading to the entrance. Previously occupied by a single-family residence, the existing structure has been removed, streamlining the development process. Furthermore, comprehensive engineered plans for twin homes have already been created, significantly reducing pre-construction hurdles. These plans, developed in collaboration with Borum Wade Associates, are available for review. The property is currently zoned RS-3, but there's potential for rezoning to RS-5, offering increased development flexibility. City water and sewer services are readily accessible along New Garden Road. This is a truly exceptional opportunity to capitalize on a gorgeous tract of land in a prime Greensboro location, with all the groundwork already laid for a successful twin home development. The seller has proactively addressed many of the initial challenges, making this a turnkey project for a discerning investor. Act quickly to secure this rare and valuable piece of Greensboro real estate.

    Property Features for 1807 New Garden Rd

    General Information

    Property type
    Investment properties
    Lot Size
    270,072 SF
    Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.86912
    Latitude
    36.12087

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    FAQs

    What type of property is this?
    Investment property - 6.2-acre lot, prime Greensboro location. Ready for development.
    Where is this investment property located?
    The property is located at 1807 New Garden Rd Greensboro, NC.
    What is the asking price?
    The asking price for this property is $628,000.
    (336) 382-5939
    Request Owner's contact information
    1807 New Garden Rd Greensboro, NC 27410
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    Greensboro, NC 27410
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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
    1807 New Garden Rd Greensboro, NC 27410
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