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Multi-Family

East Mountain St Land Development- Multi-Family

1200 Dudley Products Blvd, Kernersville, NC 27284

Listing Price: Request For Offer

Lot Size
30.49 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present the Mountain Street Redevelopment Site, located in Kernersville, NC. Centrally situated within the rapidly expanding Triad NC MSA, the property encompasses 30.49+/- acres and is situated in close proximity to the Macy Grove Road/Salem Parkway Interchange. With over 1,900 feet of linear frontage on Salem Parkway, the asset provides providing easy access to I-40, I-73, I-74, I-85, I-285, I-840, and surrounding highway corridors. Other development in the area includes a 1.0 million square foot Amazon facility, a 1.0 million square foot FedEx Ground facility, and Piedmont Commerce Center (669,000 square feet under construction). Currently zoned Highway Business – Special Use, the Kernersville Land-Use Plan calls for Business Support zoning, providing a variety of redevelopment options including warehouse, flex space, light industrial, office, corporate park, retail, hotel, and related uses. There is also the potential for mixed-use development to include residential and multifamily uses.

Investment Highlights

  • Located within 1.5 miles of the Macy Grove Road, Salem Parkway (I-40 Business/Highway 421) Interchange, providing easy access to I-40, Greensboro, Winston-Salem, and surrounding interstates.
  • Located within 2.0 miles of FedEx Ground (1.0M SF), Amazon (1.0M SF/60K SF), and Piedmont Commerce Center (Building 1 – 669K Under Construction)
  • Centrally Located Less than 5 miles from Piedmont Triad International Airport, 12 miles from Downtown Winston-Salem, and 18 miles from Downtown Greensboro.
  • Land Use Plan Supports a Variety of Redevelopment Opportunities.

Exclusively Listed By

  • Jim Davis

    First Vice President Investments

    (336) 554-9021

    Email Jim

    License(s): NC: 187177, SC: 81764

    Greensboro

  • Nate McDaniel

    Senior Vice President Investments

    (704) 831-4638

    Email Nate

    License(s): SC: 96405, NC: LC539

    Charlotte Uptown

  • Stacey Milam

    Senior Managing Director Investments

    (202) 536-3705

    Email Stacey

    License(s): MD: 526147, DC: SP101423, VA: 0225 077593

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multi-Family

East Mountain St Land Development- Multi-Family

Listing Price: Request For Offer

Lot Size
30.49 acres
Land Type
Redevelopment

Investment Highlights

  • Located within 1.5 miles of the Macy Grove Road, Salem Parkway (I-40 Business/Highway 421) Interchange, providing easy access to I-40, Greensboro, Winston-Salem, and surrounding interstates.
  • Located within 2.0 miles of FedEx Ground (1.0M SF), Amazon (1.0M SF/60K SF), and Piedmont Commerce Center (Building 1 – 669K Under Construction)
  • Centrally Located Less than 5 miles from Piedmont Triad International Airport, 12 miles from Downtown Winston-Salem, and 18 miles from Downtown Greensboro.
  • Land Use Plan Supports a Variety of Redevelopment Opportunities.

Investment Overview

Marcus & Millichap is pleased to present the Mountain Street Redevelopment Site, located in Kernersville, NC. Centrally situated within the rapidly expanding Triad NC MSA, the property encompasses 30.49+/- acres and is situated in close proximity to the Macy Grove Road/Salem Parkway Interchange. With over 1,900 feet of linear frontage on Salem Parkway, the asset provides providing easy access to I-40, I-73, I-74, I-85, I-285, I-840, and surrounding highway corridors. Other development in the area includes a 1.0 million square foot Amazon facility, a 1.0 million square foot FedEx Ground facility, and Piedmont Commerce Center (669,000 square feet under construction). Currently zoned Highway Business – Special Use, the Kernersville Land-Use Plan calls for Business Support zoning, providing a variety of redevelopment options including warehouse, flex space, light industrial, office, corporate park, retail, hotel, and related uses. There is also the potential for mixed-use development to include residential and multifamily uses.

Exclusively Listed By

  • Jim Davis

    First Vice President Investments

    (336) 554-9021

    Email Jim

    License(s): NC: 187177, SC: 81764

    Greensboro

  • Nate McDaniel

    Senior Vice President Investments

    (704) 831-4638

    Email Nate

    License(s): SC: 96405, NC: LC539

    Charlotte Uptown

  • Stacey Milam

    Senior Managing Director Investments

    (202) 536-3705

    Email Stacey

    License(s): MD: 526147, DC: SP101423, VA: 0225 077593

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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