1042 Lindsay St Greensboro, NC 27405
- Commercial real estate
- 5,000 SF
- 0.26 lot acres
Current Use by Public Records
- Glass and Martinez / Insurance Attorney
- Advance Clean Dumpster Rental LLC / Garbage Collection Service
- NC Mold Testing and Remediation of Greensboro / Water Damage Restoration Service
Property Details for 1042 Lindsay St
- Year built
- 1952
- Construction
- FRAME
- Lot size
- 0.26 lot acres
- Property size
- 5,000 SF
- Zone code
- LI
- Property type
- Commercial real estate
- APN
- 33766
- APU
- 33766
Description
This exceptional investment opportunity presents a 5,000 square foot flex/warehouse building situated on a 0.26-acre lot at 1042 E. Lindsay Street in Greensboro, North Carolina, 27405. The single-story building boasts a highly desirable location at the corner of Wendover Avenue and Lindsay Street, offering excellent visibility and convenient access. Currently operating at 100% occupancy, the property is leased to three diverse tenants: an upholsterer, a custom glass shop, and a car salesperson, generating a current 7.3% capitalization rate with potential for future growth. The building features one loading dock and a drive-in door, making it suitable for a variety of uses. Recent renovations enhance its appeal. Its proximity to Highway 29 (within two blocks) and less than two miles from Downtown Greensboro provides unparalleled accessibility. The asking price is $910,000, translating to $182 per square foot. This property is ideal for both investors seeking strong cash flow and owner-occupiers looking for a versatile space. The building's current tenant mix provides a stable income stream, while its location and features offer significant upside potential.
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
- -79.7691
- Latitude
- 36.0874
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
