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    FOR SALE
    Industrial land

    1224 Elon Pl, High Point, NC 27263

    9.18 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US53-1460723
    1224 Elon Pl, High Point, NC 27263 For Sale
    $550,000
    1224 Elon Pl, High Point, NC 27263
    View Listing →
    Property summary
    AI-generated overview

    This exceptional 9.18-acre industrial land parcel presents a unique investment opportunity in High Point, North Carolina. Strategically located with 650 feet of frontage on I-85 Business, this property offers unparalleled accessibility and visibility. The land is zoned for light industrial use, providing flexibility for a variety of development projects. All essential utilities are readily available, including city water and sewer services, and electricity provided by Duke Energy. The asking price for this highly desirable property is $550,000. Given its prime location, convenient access to major transportation routes, and readily available utilities, this site is ideal for businesses seeking a strategic location for expansion or new construction. The substantial lot size allows for significant development potential, making it an attractive proposition for investors and developers alike. This is a rare opportunity to acquire a sizable, well-located industrial land parcel in a thriving North Carolina market. The property is situated in Guilford County, North Carolina, with the address listed as 1224 Elon Place, High Point, NC 27263. This location offers easy access to a skilled workforce and a robust local economy. Don't miss this chance to secure this exceptional industrial land offering.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 9.18 ac (399,881 SF)
    Zoning code LI
    APN 207394
    UPID US53-1460723
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.21M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.21M
    Owner & transaction history
    Elon Place Industrial Complex LLC · 2 yrs held
    Elon Place Industrial Complex LLC
    since 2023
    Last sale
    $2.2M
    1 recorded transaction
    2023
    $2.2M
    Zoning & alternative use
    LI · High Point, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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