801 North Elm Stree

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801 North Elm Stree

High Point, NC 27262
Asking Price
Contact for price
Asset Type
Retail
Class
Class B

What's Special

801 North Elm Street is situated at a prominent corner in High Point, North Carolina, within a well-established commercial and residential corridor. The neighborhood is characterized by a mix of historic architecture, professional offices, and local boutiques. The site offers immediate proximity to the High Point University campus and the downtown furniture district, ensuring consistent foot and vehicle traffic. Accessibility is supported by its location along a primary north-south artery, providing direct connections to Business 85 and nearby retail hubs. The property is suited for retail operations that thrive on neighborhood visibility, such as specialty cafes, apparel boutiques, or service-based businesses. Ideal tenants include regional retailers or service providers seeking proximity to the university student population and local professionals. The layout and location support high-frequency visits, making it a viable option for establishments looking to capture both daytime commuter traffic and local residential patronage in a stable urban submarket.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times