4024 Main St, High Point, NC 27265
This exceptional 31-acre parcel, located at 4024 N. Main St. in High Point, North Carolina (zip code 27265), presents a remarkable multifamily development opportunity. Currently zoned Residential Multi-16 (CZRM-16), the property is entitled for up to 392 multifamily units, offering significant potential for a substantial return on investment. The land boasts a gently sloping topography and excellent visibility, ensuring optimal site utilization and marketing appeal. Utilities are readily available, including municipal water and sewer, natural gas, and electricity, simplifying the development process. Its strategic location provides convenient access to major employers, retail centers, and other essential amenities, enhancing the desirability of the future development. The asking price for this prime piece of land is $3,300,000. This is a rare chance to acquire a large, well-located tract in a thriving North Carolina market, perfectly suited for a high-density residential project. The Forsyth County location offers further advantages for investors seeking a strong and growing area. Don't miss this chance to secure a significant land holding with exceptional development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.