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    703 Greene St Greensboro, NC 27401

    Sponsored
    For Sale
    $900,000

    Prime 0.9-acre lot, 6-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.906-acre commercial land parcel at 703 N. Greene St., Greensboro, NC 27401, presents a unique infill development opportunity. Located in the desirable Fisher Park Historic District, directly across from First Presbyterian Church, this site boasts an unparalleled location within walking distance of all Downtown Greensboro amenities. The property is fully entitled and zoned CD-RM 8, permitting the construction of up to six residential units. Approved plans are available for review by interested buyers, subject to a Letter of Interest. The site's zoning also includes a Visual Corridor Overlay Zone designation. This A+ location offers developers the chance to create a high-end residential project in a vibrant and established neighborhood. The asking price for this exceptional development opportunity is $900,000. Don't miss this chance to acquire a prime piece of Greensboro real estate with significant potential for high returns. The property's address is precisely 703 N Greene St, Greensboro, Guilford County, North Carolina.

    Property Features for 703 Greene St

    General Information

    Property type
    Land
    Lot Size
    39,465 SF

    HighLights

    • Fully entitled infill development site available for sale.
    • Located in the Fisher Park Historic District, across from First Presbyterian Church.
    • CD‑RM 8 zoning allows for six residential units.
    • Situated within a Visual Corridor Overlay Zone.
    • Approved plans available; subject to Letter of Interest.
    • Prime location for luxury residential development; walkable to Downtown Greensboro amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.79132
    Latitude
    36.080276

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    FAQs

    What type of property is this?
    Land - Prime 0.9-acre lot, 6-unit potential.
    Where is this land located?
    The property is located at 703 Greene St Greensboro, NC.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Fully entitled infill development site available for sale.; Located in the Fisher Park Historic District, across from First Presbyterian Church.; CD-RM 8 zoning allows for six residential units.
    (336) 358-3219
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    703 Greene 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
    703 Greene St Greensboro, NC 27401
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