16.35 Acre Mill Renovation Opportunity
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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)
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 | Number of Properties | 2 |
Price / SF | $43.73 / SF | Individually For Sale | 2 |
Sale Type | Investment | Total Building Size | 120,000 SF |
Status | Active | Total Land Area | 16.35 AC |
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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16.35 Acre Mill Renovation Opportunity
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