3618 Groometown RdGreensboro, NC 27407

Property Details for 3618 Groometown Rd

Year built

1948

Lot size

0.65 AC

Property size (Sq ft)

3,892 SF

Zone code

C-L

Property type

Commercial real estate

APN

82676

APU

82676

Description

This exceptional three-acre commercial land parcel, located at 3618 Groometown Rd in Greensboro, North Carolina, presents a unique investment opportunity. Zoned C-L, this property offers significant potential for a variety of commercial developments. The asking price is $950,000, translating to $316,667 per acre. Situated on a highly visible corner lot, the property boasts excellent accessibility and exposure. Utilities are readily available, simplifying the development process. The property consists of four parcels sold together, providing a cohesive and sizable development footprint. The address is within the 27407 zip code in Guilford County, North Carolina. Its precise coordinates are latitude 36.015817 and longitude -79.866056. This prime location and substantial acreage make this an attractive proposition for developers seeking a strategic foothold in a thriving Greensboro market. The C-L zoning allows for a range of commercial uses, providing flexibility for future development plans. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering.

• CAP approach

  CAP return

  Valuation

  6%

  $483,931

  6.5%

  $446,706

  7%

  $414,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $494,023

  Geo Method

  $893,370

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $996,785

  Retail / Commercial

  $488,179

  Mixed-Use / Specialty

  $468,339

  Hospitality / Lodging

  $320,042

  Office

  $446,706

  Institutional / Educational

  $480,416

  Residential Income

  $562,086

  Multifamily

  $774,473

  Automotive / Energy

  $411,785

  Parking / Income-Based Land

  $159,983

  Restaurant / Food Service

  $204,960

  Healthcare / Senior Housing

  $498,833

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.0158

Longitude

-79.8661

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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