2729 Patterson StGreensboro, NC 27407

Property Details for 2729 Patterson St

Year built

1966

Construction

FRAME

Lot size

3.21 AC

Property size (Sq ft)

40,175 SF

Zone code

HI

Property type

Retail properties

Property subtype

Retail space

APN

17300

APU

17300

Description

This exceptional 42,000-square-foot industrial property, located at 2729 Patterson Street in Guilford County, presents a significant opportunity for a single tenant. Built in 1966, the building boasts a spacious layout ideal for manufacturing, warehousing, or distribution operations. The high ceilings, measuring 18 feet, provide ample vertical space for storage and equipment. The property includes one loading dock for efficient material handling and a substantial 90-space parking lot to accommodate employees and visitors. The zoning designation is HI - Heavy Industrial, allowing for a wide range of industrial uses. The entire 42,000 square feet is currently vacant, offering immediate occupancy for a prospective tenant. This property is uniquely positioned to serve businesses requiring significant space and convenient access within a well-established industrial area. Its strategic location in Guilford County provides easy access to major transportation routes, enhancing logistical efficiency. The ample parking and high ceilings are key features that will appeal to businesses needing to store inventory or house large equipment. This is a rare opportunity to secure a substantial, single-tenant industrial space in a prime location. The property is available for lease and ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $6,479,274

  6.5%

  $5,980,868

  7%

  $5,553,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,850,819

  Geo Method

  $23,238,860

• Alternative Use

  Use

  Valuation

  Residential

  $5,045,086

  Hospitality

  $4,621,272

  Educational

  $3,844,844

  Medical

  $3,977,074

  Retail

  $5,980,868

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0575

Longitude

-79.8367

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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