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    3308 Sandy Ridge Rd Colfax, NC 27235

    Sponsored
    For Sale
    $2,000,000

    7.22 Acres, Ideal Airport Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.22-acre commercial and industrial land parcel presents a unique investment opportunity in Colfax, North Carolina. Strategically located at 3308, 3312, and 3316 Sandy Ridge Road in Guilford County (zip code 27235), this property boasts a prime location approximately 600 yards from the I-40 and Sandy Ridge Road interchange, experiencing approximately 12,000 vehicles per day (VPD) in 2023. The property is zoned LI and R-3, making it suitable for a variety of uses, including industrial, flex, or highway commercial development. Currently on the site is an existing metal warehouse of approximately 7,000 square feet, occupied by two month-to-month tenants. Additional improvements include a rental house and a rental shed. City of Greensboro utilities are available. The asking price for this exceptional property is $2,000,000. This location offers excellent access to major transportation routes and presents significant potential for future development or continued rental income. Don't miss this chance to acquire a substantial land holding in a high-traffic area with diverse development possibilities.

    Property Features for 3308 Sandy Ridge Rd

    General Information

    Property type
    Land
    Lot Size
    314,503 SF

    HighLights

    • 7.22‑acre commercial/industrial land parcel in Colfax, NC, ideal for industrial, flex, or highway commercial development.
    • LI and R‑3 zoning.
    • City of Greensboro utilities available.
    • Existing 7,000 SF metal warehouse with two month‑to‑month tenants.
    • Rental house and shed on site.
    • 600 yards from I‑40/Sandy Ridge Road interchange; approx. 12,000 VPD (2023).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Colfax
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.995744
    Latitude
    36.0989602

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 7.22 Acres, Ideal Airport Location
    Where is this land located?
    The property is located at 3308 Sandy Ridge Rd Colfax, NC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 7.22-acre commercial/industrial land parcel in Colfax, NC, ideal for industrial, flex, or highway commercial development.; LI and R-3 zoning.; City of Greensboro utilities available.
    Request Owner's contact information
    3308 Sandy Ridge Rd Colfax, NC 27235
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    Colfax, NC 27235
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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
    3308 Sandy Ridge Rd Colfax, NC 27235
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