205 Parkway AveHigh Point, NC 27262

Property Details for 205 Parkway Ave

Year built

1925

Lot size

0.30 AC

Property size (Sq ft)

4,560 SF

Zone code

OI

Property type

Office properties

APN

188078

APU

188078

Description

This exceptional 0.3-acre commercial lot presents a unique investment opportunity in High Point, North Carolina. Located at 205 W Parkway Ave, in Guilford County, zip code 27262, this property boasts a highly desirable corner location, offering excellent visibility and accessibility. The lot is zoned for Office/Industrial use, providing flexibility for a wide range of development projects. Envision a modern office building designed for collaborative workspaces, or a bespoke commercial space tailored to a specific business need. The strategic location within High Point offers convenient access to major transportation routes and a thriving business community. This property is priced competitively at $150,000, making it an attractive proposition for developers and investors seeking a prime location to build their vision. The latitude and longitude coordinates are 35.96721513506373 and -80.01549272506504 respectively. This is a rare opportunity to acquire a well-situated commercial lot in a growing market. Don't miss out on this chance to secure a valuable asset in a dynamic location.

• CAP approach

  CAP return

  Valuation

  6%

  $500,286

  6.5%

  $461,802

  7%

  $428,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $578,814

  Geo Method

  $772,190

• Alternative Use

  Use

  Valuation

  Residential

  $572,634

  Hospitality

  $524,530

  Educational

  $436,403

  Medical

  $451,412

  Retail

  $678,849

Location Insight

City

High Point

County

Guilford

State

North Carolina

Latitude

35.967

Longitude

-80.0155

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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