This 1.16-acre commercial parcel in High Point, North Carolina, presents a remarkable retail development opportunity. Situated on Sedgebrook Street, this property boasts excellent visibility and accessibility from Eastchester Drive, a major thoroughfare with approximately 31,923 vehicles passing daily. The site is ideally positioned within one of High Point's fastest-growing retail corridors, surrounded by established businesses including Sheetz, City Barbeque, Taco Bell, Wendy's, Bojangles, Valvoline, NAPA, and Waffle House. This location offers significant potential for various retail uses, such as a car wash, bank, quick-service restaurant (QSR), or medical facility. The property is available for ground lease, build-to-suit arrangements, or outright sale. The property's Assessed Parcel Number (APN) is 210066. Interested parties should inquire for pricing details. This is a rare chance to acquire a highly visible and strategically located parcel in a thriving retail area. The property's shared access from the lighted intersection ensures convenient ingress and egress. Don't miss this exceptional opportunity to establish your business in a high-traffic, high-visibility location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$6,282,900
6.5%
$5,799,600
7%
$5,385,340
Comparable approach
Method
Valuation
Relative Method
$6,413,920
Geo Method
$11,598,700
Alternative Use
Use
Valuation
Industrial / Distribution
$12,941,300
Retail / Commercial
$6,338,040
Mixed-Use / Specialty
$6,080,470
Hospitality / Lodging
$4,155,110
Office
$5,799,600
Institutional / Educational
$6,237,260
Residential Income
$7,297,590
Multifamily
$10,055,000
Automotive / Energy
$5,346,220
Parking / Income-Based Land
$2,077,070
Restaurant / Food Service
$2,661,010
Healthcare / Senior Housing
$6,476,370
Location Insight
City
High Point
County
Guilford
State
North Carolina
Latitude
36.0601
Longitude
-79.9625
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Sedgebrook St High Point, NC 27265
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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