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    248 Edgeworth St Greensboro, NC 27401

    Sponsored
    For Sale
    $1,325,000

    Prime .53-acre lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.53-acre commercial land parcel presents a unique investment opportunity in the heart of Greensboro, North Carolina. Located at 248 N Edgeworth St, 27401, this property encompasses three combined lots: 248 and 242 North Edgeworth Street, and the adjacent lot at 429 Bellemeade Street. The site boasts a highly desirable Commercial zoning designation, making it perfectly suited for a variety of development projects. Its strategic location directly across from First National Bank Field, home of the Greensboro Grasshoppers, ensures high visibility and accessibility. Furthermore, the property's proximity to a City of Greensboro parking deck provides convenient parking options for future tenants or residents. This prime location offers significant potential for an office complex or multifamily development, capitalizing on the vibrant energy and growing demand in this dynamic area of Greensboro. The asking price for this combined land parcel is $1,325,000. Don't miss this chance to acquire a highly sought-after piece of Greensboro real estate.

    Property Features for 248 Edgeworth St

    General Information

    Property type
    Land
    Lot Size
    23,087 SF

    HighLights

    • Excellent commercial zoning, ideal for office or multifamily development.
    • High‑visibility location directly across from First National Bank Field (Greensboro Grasshoppers).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Law Firm 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
    -79.795536
    Latitude
    36.075566

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    FAQs

    What type of property is this?
    Land - Prime .53-acre lot, ideal for development.
    Where is this land located?
    The property is located at 248 Edgeworth St Greensboro, NC.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: Excellent commercial zoning, ideal for office or multifamily development.; High-visibility location directly across from First National Bank Field (Greensboro Grasshoppers).;
    (336) 209-1622
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    248 Edgeworth St Greensboro, NC 27401
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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
    248 Edgeworth St Greensboro, NC 27401
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