542 Farragut Stree

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542 Farragut Stree

Greensboro, NC 27406
Asking Price
$4.57M
Asset Type
Land
Class
Class B

What's Special

Located at 542 Farragut Street, this land parcel is situated in a mixed-use industrial and residential pocket of Greensboro, North Carolina. The property offers proximity to the central business district and features convenient access to major thoroughfares, including US-29 and Interstate 40. The surrounding neighborhood character is defined by a blend of established small-scale industrial facilities, local service businesses, and residential communities. Local amenities, ranging from freight services to retail centers, are accessible within a short driving radius. The site is suited for light industrial development, equipment storage, or specialized commercial use consistent with local zoning regulations. Potential occupants include regional contractors, landscaping firms, or logistics providers seeking a functional foothold near Greensboro’s primary transport corridors. Its configuration allows for flexible site planning, catering to owner-occupiers or developers focused on supporting the area’s growing demand for urban infill industrial space.

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NOI
$80,000
Cap Rate
1.75%
DSCR
0.29
Underwater
Cash-on-Cash
-13.95%
Monthly Payment
$22,609.867
Annual Cash Flow
$-191,318.398

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