542 Farragut StGreensboro, NC 27406

Property Details for 542 Farragut St

Lot size

7.89 AC

Property size (Sq ft)

14,000 SF

Zone code

LI

Property type

Industrial properties

Property subtype

Other industrial properties

APN

86676

APU

86676

Description

This exceptional 9.31-acre parcel of land presents a unique investment opportunity in South Greensboro, North Carolina. Located at 542 Farragut Street, this property boasts over 700 feet of frontage and offers convenient access to major transportation arteries, including Interstate 40 and Interstate 85. The property is zoned LI (Light Industrial), providing flexibility for a variety of commercial and industrial uses. Its strategic location is approximately 3.5 miles from downtown Greensboro, ensuring easy access to the city's amenities and workforce. The property's potential is further enhanced by the existence of multiple approved site plans from the Greensboro Planning Department (TRC). One notable plan envisions a substantial 5.66-acre parking or car sales lot, showcasing the scale of development possibilities. The APN for this property is 7863-01-7976. This is a rare opportunity to acquire a sizable, strategically located parcel of land in a thriving North Carolina market, ready for immediate development. The asking price for this exceptional property is $595,000. This Guilford County land offers significant potential for investors seeking a prime location with approved development plans. Don't miss this chance to secure a piece of Greensboro's growing industrial landscape.

• Alternative Use

  Use

  Valuation

  Residential

  $1,758,088

  Hospitality

  $1,610,400

  Educational

  $1,339,834

  Medical

  $1,385,912

  Retail

  $2,084,186

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0332

Longitude

-79.8091

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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