9622 Us-311 High Point, NC 27263
This exceptional 23-acre property in High Point, North Carolina, presents a unique investment opportunity. The centerpiece is a stunning 8,500-square-foot, three-story home boasting a two-story living room, two kitchens, multiple dining areas, expansive decks, balconies, and a patio. Beyond the main residence, the property includes a charming barn, a wedding chapel, and several outdoor areas ideal for events and celebrations. Three additional rental homes generate supplemental income, complementing the existing event venue revenue stream. Further enhancing the property's versatility is a functional cattle/hay barn and a pond. Built in 2018, this mixed-use property features a total of 19,304 square feet of space, served by public water and a septic system. Located at 9622 US-311 in Randolph County, NC, zip code 27263, this property offers endless potential as a family retreat, thriving farm, or lucrative event venue. The asking price is $5,900,000. This is a rare opportunity to acquire a turnkey operation with significant income potential and diverse uses.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.