1305 Old Thomasville Rd High Point, NC 27260-8459

Property Details for 1305 Old Thomasville Rd

Year built

1986

Lot size

3.59 lot acres

Property size

15,900 SF

Zone code

LI

Property type

Warehouses

APN

6798293688

APU

6798293688

Description

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.

Location Insight

City

High Point

County

Randolph

State

North Carolina

Longitude

-80.0384

Latitude

35.9159

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments