501 Naomi St, Randleman, NC 27317-1860

This exceptional 120,000 square foot industrial property, located at 501 E Naomi St, Randleman, NC 27317, presents a unique investment opportunity. The property consists of three buildings, each three stories high, situated on an expansive 8.77-acre lot. Built in 1950, the complex is classified as Class C and currently features single tenancy. The property boasts a recently installed sprinkler system, meeting both industrial and residential fire codes, a significant upgrade completed within the last 18 months. A professional structural engineer has evaluated and updated the building's infrastructure. The interior is exceptionally clean and well-maintained. Detailed architectural plans are available, illustrating potential layouts for converting the main building into a multifamily residential complex with one, two, and three-bedroom apartments. This adaptable property offers significant potential for various uses, including continued industrial operation or a lucrative multifamily conversion project. Its prime location overlooks the Deep River and is adjacent to the Randleman Greenway, providing attractive surroundings. An adjacent 7.58-acre parcel, already zoned for duplex or townhome development and featuring compatible architectural plans, is available for purchase separately, presenting a compelling opportunity for a larger-scale development. The asking price for this remarkable property is $6,199,000.