203 E M.L.K. Jr Dr

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203 E M.L.K. Jr Dr

High Point, NC 27260
Asking Price
$3.00M
Asset Type
Land
Class
Class B

What's Special

203 East M.L.K. Jr Drive is situated in the downtown district of High Point, North Carolina, within a mixed-use neighborhood characterized by professional offices and traditional commercial storefronts. The property is positioned less than a mile from the Truist Point stadium and the concentrated core of the High Point Market district. It offers direct access to local transit routes and is located within a short drive of Interstate 85 and Business 85, providing connectivity across the Piedmont Triad. The site is suited for commercial development or surface parking to serve the surrounding urban density. Given its central location, ideal use cases include professional services, small-scale retail, or a satellite facility for firms operating in the furniture and design industries. Potential occupants would likely include local developers, service providers, or companies seeking proximity to the city's event-driven hospitality and exhibition hub.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

Location & Travel Times