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    OFF-MARKET
    Land

    4024 Main St, High Point, NC 27265

    31 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 31 ac (1,350,360 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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