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    315 Elizabeth St NW Lenoir, NC 28645

    For Sale
    $6,500,000

    Former Thomasville Furniture manufacturing facility with high income potential.

    Property size:
    800,000 SF
    Lot size:
    29.89 Acres

    Property Features for 315 Elizabeth St NW

    General Information

    Size
    800,000 SF
    Lot size
    29.89 Acres

    Source: RE/MAX Executive Agent Scott Mladenik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lenoir Manufacturing Facility For Sale

    This property, formerly a Thomasville Furniture manufacturing facility, comprises eight buildings situated on a 29.81-acre site. The location offers proximity to Highway 321 and interstates. Zoned I-2, the property features ample power throughout the buildings and an efficient loading and staging area. It is located in an Opportunity Zone and presents high income potential. The property offers a large land site.
    Insight Report Location Intelligence

    Current Use by Public Records

    Thomasville Home Furnishings Furniture Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lenoir
    County
    Caldwell
    State
    North Carolina
    Longitude
    -81.5413988
    Latitude
    35.933945

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    FAQs

    What type of property is this?
    Manufacturing property - Former Thomasville Furniture manufacturing facility with high income potential.
    Where is this manufacturing property located?
    The property is located at 315 Elizabeth St NW Lenoir, NC.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - Large 29.81 AC Site; - Opportunity Zone location; - Proximity to Highway 321 and interstates
    (708) 609-6923
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    315 Elizabeth St NW Lenoir, NC 28645
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    Lenoir, NC 28645
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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
    315 Elizabeth St NW Lenoir, NC 28645
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