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    2704 Central Ave High Point, NC 27260

    Sponsored
    For Sale
    $799,000

    24 Acres, R-5 Zoning, Great Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24.19-acre commercial land parcel presents a compelling investment opportunity in High Point, North Carolina. Located at 2704-2798 Central Avenue, this property boasts an R-5 zoning designation, opening doors to a wide range of development possibilities. The expansive lot size offers significant flexibility for ambitious projects. Situated just south of MLK Drive, this strategically located land benefits from excellent accessibility and visibility. The asking price is $799,000, translating to a land value of $33,030 per acre. Detailed site analysis and feasibility studies are encouraged to fully explore the potential of this prime commercial real estate. This property is situated within the NC - Outer Loop SW submarket of High Point, offering access to key transportation routes and a growing commercial landscape. The address is 2704-2798 Central Ave, High Point, NC 27260, in Guilford County. This is a rare opportunity to acquire a substantial tract of land with significant development potential in a thriving North Carolina market. Serious inquiries are welcome. Further due diligence is recommended to confirm all zoning regulations and development possibilities.

    Property Features for 2704 Central Ave

    General Information

    Property type
    Land
    Lot Size
    1,053,716 SF

    HighLights

    • 24.19‑acre commercial land parcel in High Point, NC.
    • R‑5 zoning allows diverse development options.
    • Strategically located on Central Avenue, south of MLK Drive, offering high visibility and accessibility.
    • Asking price: $799,000 ($33,030/acre).
    • Located in the NC - Outer Loop SW submarket of High Point, Guilford County, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    High Point
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.9645807
    Latitude
    35.9594609

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    FAQs

    What type of property is this?
    Land - 24 Acres, R-5 Zoning, Great Development Potential
    Where is this land located?
    The property is located at 2704 Central Ave High Point, NC.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 24.19-acre commercial land parcel in High Point, NC.; R-5 zoning allows diverse development options.; Strategically located on Central Avenue, south of MLK Drive, offering high visibility and accessibility.
    (336) 878-5171
    Request Owner's contact information
    2704 Central Ave High Point, NC 27260
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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
    2704 Central Ave High Point, NC 27260
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