For Sale
$910,000

1042 Lindsay St Greensboro, NC 27405

Prime Greensboro location, 5,000 SF flex space, 100% occupied.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a 5,000 square foot flex/warehouse building situated on a 0.26-acre lot at 1042 E. Lindsay Street in Greensboro, North Carolina, 27405. The single-story building boasts a highly desirable location at the corner of Wendover Avenue and Lindsay Street, offering excellent visibility and convenient access. Currently operating at 100% occupancy, the property is leased to three diverse tenants: an upholsterer, a custom glass shop, and a car salesperson, generating a current 7.3% capitalization rate with potential for future growth. The building features one loading dock and a drive-in door, making it suitable for a variety of uses. Recent renovations enhance its appeal. Its proximity to Highway 29 (within two blocks) and less than two miles from Downtown Greensboro provides unparalleled accessibility. The asking price is $910,000, translating to $182 per square foot. This property is ideal for both investors seeking strong cash flow and owner-occupiers looking for a versatile space. The building's current tenant mix provides a stable income stream, while its location and features offer significant upside potential.

Highlights

  • 5,000 SF flex/warehouse building on a 0.26-acre lot in Greensboro, NC.
  • Located at a high-visibility corner with excellent access.
  • 100% occupancy with three diverse tenants, generating a 7.3% cap rate.
  • Features one loading dock and a drive-in door.
  • Recently renovated and priced at $910,000 ($182/SF).

Property Details for 1042 Lindsay St

Property type
Warehouses, Industrial properties
Square Feet
5,000 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0873726
Longitude
-79.7691587

FAQs

What type of property is this?
Warehouse - Prime Greensboro location, 5,000 SF flex space, 100% occupied.
Where is the warehouse located?
The property is located at 1042 Lindsay St Greensboro, NC.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: 5,000 SF flex/warehouse building on a 0.26-acre lot in Greensboro, NC.; Located at a high-visibility corner with excellent access.; 100% occupancy with three diverse tenants, generating a 7.3% cap rate.
How can I contact the broker?
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1042 Lindsay St
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