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    123 Elsielee Rd Greensboro, NC 27405

    Sponsored
    For Sale
    Contact for pricing

    Two-acre development opportunity in Greensboro, NC.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2-acre parcel of land presents a compelling investment opportunity in Greensboro, North Carolina, specifically located at 123 Elsielee Road, zip code 27405, within Guilford County. The property is zoned for conditional use Highway Business, making it ideally suited for a variety of commercial ventures. A key advantage is its excellent potential as a self-storage facility, given its size and zoning. The strategic location offers significant visibility and accessibility. Adding to its appeal, the seller owns an adjacent retail center at 109-115 Flemingfield Road and will provide Highway 70 signage as part of the sale. This presents a unique opportunity for synergistic development or branding possibilities. Furthermore, the seller will demolish existing structures of no value on the property, included in the asking price, eliminating potential demolition costs for the buyer. The property also benefits from an alternative secondary access point, enhancing its functionality and appeal. This land is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. This is a rare chance to acquire a well-positioned, ready-to-develop site with significant upside potential in a thriving Greensboro location.

    Property Features for 123 Elsielee Rd

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Opportunity Zone Qualified Land
    • Self‑Storage Facility Site
    Property Profile Location Intelligence

    Current Use by Public Records

    Proctor Handyman & Remodeling Remodeler

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.7118323
    Latitude
    36.0887525

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    FAQs

    What type of property is this?
    Land - Two-acre development opportunity in Greensboro, NC.
    Where is this land located?
    The property is located at 123 Elsielee Rd Greensboro, NC.
    What are key features of this property?
    This property features: Opportunity Zone Qualified Land; Self-Storage Facility Site;
    (336) 378-5065
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    123 Elsielee Rd Greensboro, NC 27405
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    Greensboro, NC 27405
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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
    123 Elsielee Rd Greensboro, NC 27405
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