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Downtown Randleman Industrial/Retail Space
For Sale
$395,000

116 West Academy Street, Randleman, NC 27317

Industrial/retail space in downtown Randleman with hardwood flooring and 3-phase power.

Days on Market123

Property Features for 116 West Academy Street

General Information

Standard status Active
Property subtype Industrial

Building Details

Year Built 1955
Listing Agency: RE/MAX
Listed By: H R Gallimore
Source: Remaxcommercial
Added: Mar 31 Changed: Jul 10 Last Checked: Jul 30 at 2:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX

Investment Insights

Based on property information with market context.

This property offers industrial and retail space in downtown Randleman. The ground floor features hardwood flooring, an open manufacturing and retail area with a 10-foot pressed tin ceiling, two offices, and one restroom. The lower level is fully finished with an 8-foot ceiling and a concrete floor, and includes one restroom. The roof was replaced in 2019. The building is equipped with 3-phase power, suitable for a variety of industrial and retail applications.

Key Highlights

  • Prime downtown Randleman location ideal for industrial or retail use.
  • Spacious open area with 10' pressed tin ceiling and hardwood flooring on the ground floor.
  • Fully finished lower level with 8' ceiling and concrete floor.

Property Analytics

Current Use

Betty's Kitchen Restaurant Salem Neckwear Corporation Clothing & Fashion Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Building Supply Skin Care Clinic Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby
Under-served
Demand for This Use

Demographics for 27317, NC

17,563
Population
7,276
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
54.1 sq mi
ZIP Area
325
Density / Sq Mi
$57,266
Median Household Income
$34,578
Median Earnings
$793
Median Rent
$170,100
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Industrial/retail space in downtown Randleman with hardwood flooring and 3-phase power.
Where is this flex space located?
The property is located at 116 West Academy Street Randleman, NC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Prime downtown Randleman location ideal for industrial or retail use.; Spacious open area with **10' pressed tin ceiling and hardwood flooring** on the ground floor.; Fully finished lower level with 8' ceiling and concrete floor.
More about this property
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