100 Vail Ave High Point, NC 27260
- Commercial real estate
- 1,488 SF
- 0.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 100 Vail Ave
- Year built
- 1954
- Lot size
- 0.94 lot acres
- Property size
- 1,488 SF
- Zone code
- GB
- Property type
- Commercial real estate
- APN
- 172024
- APU
- 172024
Description
This exceptional commercial land offering presents a unique investment opportunity in the heart of High Point, North Carolina. Comprising two parcels totaling 1.05 acres, this property boasts a prime location just a half-mile from the International Home Furnishings Center (IHFC) building, placing it within easy reach of the vibrant Furniture Market. The parcels, located at 100 Vail Avenue and 641 S. Elm Street, are zoned GB and offer three-sided road access, ensuring excellent visibility and accessibility. The property's proximity to major highways and amenities, coupled with its convenient location just 16 miles from PTI Airport, enhances its appeal. Easement access from the adjacent 908 S Main Street to Main Street provides additional logistical advantages. The zoning allows for a wide range of commercial development options with minimal restrictions on the type of business. This is an exceptional opportunity to acquire a strategically positioned commercial land parcel in a thriving market. The asking price for this combined 1.05-acre property is $495,000. One parcel measures 0.94 acres, and the other measures 0.11 acres.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $395,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $270,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $235,000
- Retail
- $245,000
- Mixed-Use
- $245,000
- Hospitality
- $240,000
- Educational
- $290,000
- Residential Income
- $285,000
- Energy
- $275,000
- Income-Based Land
- $300,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- High Point
- County
- Guilford
- State
- North Carolina
- Longitude
- -80.0041
- Latitude
- 35.9456
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA