Property summary
This 35,400-square-foot warehouse, located at 211 Pextile Plant Rd, Stoneville, NC 27048, is offered for sale at $325,000. The property boasts a price per square foot of $9.18, with a land value of $9 per square foot. Situated conveniently on US 220/73 between Greensboro, NC and Martinsville, VA, it's only 8.4 miles south of the Commonwealth Crossing Business Center in Ridgeway, VA. While the building has been vacant for several years and requires significant renovations, it presents a compelling investment opportunity. Deferred maintenance includes the need for a complete roof replacement and rewiring, as the existing wiring has been stolen. Offices and restrooms will require complete rebuilding. Despite these needs, the warehouse features remarkably flat concrete floors, and ample outdoor space is available for trailer storage. Local utility companies have confirmed the feasibility of connecting water service to the site. This property offers significant potential for redevelopment and is ideally positioned for a variety of industrial uses. The substantial square footage and strategic location make this a rare opportunity in Rockingham County.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LIGHT INDUSTRIAL COUNTY · Stoneville, NCZoning
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Zoning designation
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The district profile from the municipal source: what is on file for LIGHT INDUSTRIAL COUNTY in Stoneville, NC.
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