2620 Main StHigh Point, NC 27263

Property Details for 2620 Main St

Year built

2007

Construction

FRAME

Lot size

13.76 AC

Property size (Sq ft)

196,353 SF

Zone code

C

Property type

Retail space

APN

179416

APU

179416

Description

High Point Marketplace offers a prime retail opportunity with 9,600 square feet immediately available for lease. Located at 2620 S Main St, High Point, NC 27263, this space is part of a larger multi-tenant retail center situated at the intersection of South Main Street and Fraley Road. The entire center boasts 27,890 square feet of retail space. This particular unit offers excellent visibility due to its location within a plaza anchored by a Walmart Supercenter, ensuring high traffic counts and strong consumer flow. Multiple signalized entry points provide effortless access to the center, further enhancing visibility and convenience. The elevated roofline of this retail strip contributes to its prominent presence. National co-tenants and destination users within the plaza generate substantial additional traffic, creating an ideal environment for a variety of retail businesses. The minimum divisible space is 9,600 square feet, making it suitable for a range of retail concepts. This location offers a unique opportunity to establish a thriving business in a high-traffic, well-established retail center in a desirable area of High Point, North Carolina.

• CAP approach

  CAP return

  Valuation

  6%

  $26,681,200

  6.5%

  $24,628,800

  7%

  $22,869,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,920,600

  Geo Method

  $34,580,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $50,288,200

  Mixed-Use / Specialty

  $23,627,900

  Hospitality / Lodging

  $16,146,200

  Office

  $22,536,500

  Institutional / Educational

  $24,237,200

  Residential Income

  $28,357,500

  Multifamily

  $39,072,500

  Automotive / Energy

  $20,774,700

  Parking / Income-Based Land

  $8,071,220

  Restaurant / Food Service

  $10,340,300

  Healthcare / Senior Housing

  $25,166,300

Location Insight

City

High Point

County

Guilford

State

North Carolina

Latitude

35.9255

Longitude

-79.9885

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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