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16.35 Acre Mill Renovation Opportunity

2 Properties Offered at $5,248,000 in Randleman, NC

Executive Summary

IDEAL: Multifamily conversion project overlooking Deep River and adjacent to Randleman Greenway.
This property consists of two properties on opposite sides of Deep River that can be purchased together totaling 16.35 acres.
7.58 acre tract is wooded and already zoned for duplex or townhome development and has architectural layout that can be shared.
8.77 acre tract has 120,000 mill building with new sprinkler system (rated for industrial OR residential). Evaluated and upfitted within past 1.5 years by professional structural engineer. Exceptionally clean. Architectural drawings have been prepared to show potential layout in main building for 1, 2 and 3 bedroom apartments.
(note: *portion of property is in 100 yr flood plain, inquire about insurance)

Property Facts

Price $5,248,000
Price / SF $43.73 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 120,000 SF
Total Land Area 16.35 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
501 E Naomi St, Randleman, NC 27317 Industrial 120,000 SF 1950 $4,999,000
Duplex or Townhome development opportunity
E Naomi St, Randleman, NC 27317
Land 7.58 AC - $649,000
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  • Listing ID: 32011051

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 16.35 Acre Mill Renovation Opportunity, Randleman, NC

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