Property summary
This exceptional investment opportunity presents a 171,825-square-foot industrial flex warehouse situated on a substantial 14.93-acre lot in High Point, North Carolina. The property, located at 1305 Old Thomasville Rd, 27260, boasts two buildings constructed in 1967 and renovated in 1994. Currently operating at 100% occupancy under a triple-net (NNN) lease with approximately three years remaining, this property offers a compelling value-add proposition. The existing tenant, Allred Metal Stamping Works, has a remarkable history of over 50 years at this location. The property features eight loading docks and impressive ceiling heights ranging from 12 to 26.5 feet, catering to diverse operational needs. The LI (Light Industrial) zoning permits a variety of potential uses, enhancing its long-term investment potential. Its strategic location near the US Highway 29/70 interchange provides excellent access to major transportation arteries, further solidifying its appeal. This property represents a rare chance to acquire a well-located, established industrial asset with significant upside potential. The low rent provides immediate cash flow, while the zoning and location offer flexibility for future development or repositioning. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant long-term growth prospects.
Property profile
VerifiedCap rate & NOI
Current use
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Metal Fabrication Plant Factory
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The LI district is established to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, wholesales sales, research and development, and other industrial uses that are small scale
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LI · High Point, NCThe LI district is established to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, wholesales sales, research and development, and other industrial uses that are small scale
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The LI district is established to accommodate light manufacturing, assembly, fabrication, processing, distribution, storage, wholesales sales, research and development, and other industrial uses that are small scale
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in High Point, NC.
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