140-150 Blue Bell Rd Greensboro, NC 27406
- Warehouses
- 92,034 SF
- 18.29 lot acres
Current Use by Public Records
- Warehouses
Property Details for 140-150 Blue Bell Rd
- Year built
- 1984
- Lot size
- 18.29 lot acres
- Property size
- 92,034 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional redevelopment opportunity presents a two-building, 92,034-square-foot warehouse complex situated on an expansive 18.29-acre lot in Greensboro, North Carolina. The property, located at 140-150 Blue Bell Road, features a 77,893-square-foot main warehouse and a 14,141-square-foot service station building. Both buildings will be delivered vacant upon closing, allowing for complete customization and repositioning. The site boasts 26 dock-high doors and is zoned for Heavy Industrial use, a highly desirable designation. A significant 4.62-acre surplus area provides ample space for outside storage, a lay-down yard, or trailer parking. Conveniently located less than a mile from Interstate 40, this property offers unparalleled access to major transportation arteries, connecting Greensboro to Charlotte and Raleigh. The property is situated in the highly active South Greensboro industrial submarket within the Piedmont Triad region (Greensboro/Winston-Salem/High Point, NC). This prime location, combined with the substantial size and flexible zoning, presents a unique opportunity for investors or owner-users seeking to capitalize on the strong demand for industrial space in this thriving market. The property's potential for multiple tenants or a single large user, coupled with the possibility of generating significant income from outside storage, makes this a compelling investment prospect. Projections suggest a potential annual net operating income exceeding $800,000, based on estimated rental rates of $4.75 per square foot, NNN, or greater for the warehouse, $15.75 per square foot, NNN, for the service station, and $4,500-$5,000 per acre per month for outside storage. The property is fully entitled with public utilities readily available. This is a rare opportunity to acquire a substantial industrial property in a prime location with significant upside potential. The year built is 1984. The lease type is NNN, and the tenancy is multi.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.7876
- Latitude
- 36.0267
