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133 S Church St
Asheboro, NC 27203

Industrial Property For Sale

Executive Summary

Discover Mill 133, a prominent redevelopment opportunity in downtown Asheboro. This historic property, built in 1917 as a textile mill, is now available for $2,200,000. It encompasses 49,751 square feet on a 1.104-acre plot.
Property Highlights:
Construction: Solid masonry, the property has recently undergone major renovation, ensuring both aesthetic appeal and structural integrity of the mill and the smoke stack. A new roof, second-floor flooring, and ceilings have been added, all meeting the possible tax credit standards.
Zoning: B-3 Central Commercial District.
Historic Tax Credits: Available for redevelopment.
Located in the heart of Asheboro, Mill 133 is ideally suited for a mixed-use project, including a mixed-use of hospitality or multifamily and retail components.
Development Potential: Ideal for conversion into a boutique hotel or multifamily residences with retail on the ground floor. The availability of historic tax credits adds financial incentive, reducing the cost of redevelopment and preserving the building’s historical integrity.
Invest in a piece of Asheboro's history with Mill 133, offering strategic location and growth potential, complemented by financial benefits through historic tax credits. This property promises a lucrative venture in a thriving community.

PROPERTY FACTS Under Contract

Sale Type Investment
Sale Conditions
Redevelopment Project
  • Building in Shell Condition
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 1.10 AC
Rentable Building Area 49,751 SF
No. Stories 2
Year Built 1917
Parking Ratio 0.8/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7751-72-6479
Land Assessment
$95,500
Improvements Assessment
$57,420
Total Assessment
$152,920

zoning

Zoning Code B-3 (Central Commercial)
B-3 (Central Commercial)
  • Listing ID: 30611424

  • Date on Market: 1/9/2024

  • Last Updated:

  • Address: 133 S Church St, Asheboro, NC 27203

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