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135 S Main St
High Point, NC 27260 Downtown High Point

$11,349,000 USD

Hotel Condo For Sale  •  46,849 SF

Property Details

  • Property Type Hotel
  • Total Building Size 181,395 SF
  • Lot Size 1.51 AC
  • Building Class B
  • Year Built 1983
  • Tenancy Multiple
  • Zoning CB
0 Transit Score
59 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Showroom Retail 46,849 SF $11,349,000 USD
  • Unit Size: 46,849 SF
  • Condo Use: Retail
  • Price: $11,349,000 USD
  • Sale Type: Investment
  • Price/SF: $242.25 USD
Sale Notes
Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the multi-tenant showroom asset located at 135 S Main Street, in High Point, North Carolina. The newly renovated showrooms are occupied by quality tenants including Karat Home, Inc. (Z Gallerie), The Phillips Collection, and High Point Exhibition. With a weighted average lease term of over three years, all leases feature 3% annual escalations and two, 5-year renewal options. The basement space is being converted into a showroom and offers substantial upside opportunity through future lease-up. Ownership is actively evaluating the feasibility of converting the space into additional showroom square footage to further increase income. Located in the heart of downtown High Point’s Market District, the condo sits between the International Home Furnishings Center (3.5 million square feet) and The Showplace (400,000 square feet), both of which serve as anchor venues for the High Point Market.

Highlights

Prime Investment Opportunity | Multi-Tenant Retail/Showroom in the Greensboro-High Point MSA
Rare Opportunity to Acquire a Ground Level Showroom Asset Structurally Connected to a Future High-Quality Hotel Redevelopment
Strong Tenancy Including Karat Home (Z Gallerie) & The Phillips Collection | All Leases Feature 3% Annual Escalations
Upside Opportunity by Leasing the Basement Showroom | Three Retail Access Points with Dual Street Exposure
Located in the Heart of High Point’s Market District | Furniture Capital of the World
In Between the 3.5M SF International Home Furnishings Center Owned by Blackstone & the 400,000+ SF Showplace Center

Property Flyers

Amenities

  • Business Center
  • Fitness Center
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi

Public Transportation

Commuter RailDriveWalkDistance
High Point Station (Piedmont - North Carolina by Train (NC Train)) 2 min 7 min 0.3 mi
Transit/SubwayDriveWalkDistance
High Point Station (Piedmont - North Carolina by Train (NC Train)) 2 min 7 min 0.3 mi
AirportDriveWalkDistance
Piedmont Triad International 27 min - 12.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Ani Paulson 843-345-5333 Northmarq
Ani Paulson 843-345-5333 Northmarq