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    319 Old Lexington Rd Thomasville, NC 27360

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    For Sale
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    26 Acres, Office-Institutional Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 26-acre development site presents a unique investment opportunity in Thomasville, North Carolina. Strategically located at 319 Old Lexington Rd, this property boasts Office-Institutional (OI) zoning, providing flexibility for a diverse range of mixed-use projects. Its prime location offers unparalleled convenience, situated directly adjacent to the new Thomasville Medical Center, ensuring high visibility and accessibility. The expansive lot size allows for substantial development potential, catering to a variety of commercial and residential uses. All necessary utilities are readily available, including water and sewer connections, simplifying the development process. This property is ideally suited for developers seeking a high-impact project in a thriving community. The address is 319 Old Lexington Rd, Thomasville, NC 27360. Given its central location and proximity to the medical center, this site offers significant potential for long-term growth and return on investment. The existing zoning, coupled with the availability of utilities, makes this a truly turnkey opportunity for developers looking to capitalize on the growing demand for mixed-use spaces in Thomasville. This is a rare chance to acquire a substantial parcel of land in a desirable location with excellent potential for a variety of development projects.

    Property Features for 319 Old Lexington Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,132,560 SF

    HighLights

    • Centrally located in Thomasville, NC.
    • Adjacent to the new Thomasville Medical Center.
    • Zoned Office‑Institutional (OI).
    • Water and sewer available on‑site.
    • 26‑acre site ideal for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Davidson
    State
    North Carolina
    Longitude
    -80.114036
    Latitude
    35.880394

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    FAQs

    What type of property is this?
    Multifamily property - 26 Acres, Office-Institutional Zoning, Prime Location
    Where is this multifamily property located?
    The property is located at 319 Old Lexington Rd Thomasville, NC.
    What are key features of this property?
    This property features: Centrally located in Thomasville, NC.; Adjacent to the new Thomasville Medical Center.; Zoned Office-Institutional (OI).
    Request Owner's contact information
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    Thomasville, NC 27360
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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
    319 Old Lexington Rd Thomasville, NC 27360
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