Warehouse Revival Opportunity - High Demand Submarket Thomasville
608 Lexington Ave
Thomasville, NC 27360
Highlights
- Transportation Hub: Immediate access to Business 85 and I-85, connecting to major logistics corridors (Greensboro: 20 mins; Winston-Salem: 15 mins; Charlotte/Raleigh: 1.5 hrs).
- Labor Pool: Proximity to skilled workforce in manufacturing, healthcare, and logistics sectors, anchored by employers like Hanesbrands and Wake Forest Baptist Health.
- Cost Efficiency: Low property taxes ($0.20/SF in 2024) and submarket vacancy of 2.6% vs. rising peer vacancy (15.5%), signaling underserved demand.
- Downtown Revitalization: Part of Thomasville’s Downtown Strong Initiative, with grants available for façade improvements and community-driven redevelopment.
- Cultural Vibrancy: Walkable downtown with festivals (Everybody’s Day), farmers markets, and historic landmarks like the "Big Chair".
- Affordable Living: Median home price ~$220K, with retiree-friendly communities like Piedmont Crossing offering maintenance-free living.
- Outdoor Recreation: 10 parks, 61-acre Lake Thom-A-Lex, and proximity to Uwharrie National Forest for hiking/fishing.
Description
608 Lexington Ave presents a rare chance to reimagine a 1940s industrial gem into a modern logistics or creative hub. Nestled in North Davidson County—a submarket with 2.6% vacancy and 3.9% rent growth—this 6,000+ SF canvas awaits your vision. With downtown Thomasville’s festivals, dining, and grants at your doorstep, transform raw potential into a high-yield asset. Key upgrades (clear heights, docks, energy systems) could unlock the area's inherent value and increasing rents. Perfect for investors seeking a ROI or businesses craving a central, customizable footprint.
Located near downtown Thomasville - Immediate access to Business 85 and I-85, connecting to major logistics corridors (Greensboro: 20 mins; Winston-Salem: 15 mins; Charlotte/Raleigh: 1.5 hrs). Thomasville's downtown area is part of a dynamic revitalization initiative, providing the perfect opportunity for investors seeking a prime office building prospect. With a low submarket vacancy rate and an established business environment anchored by major employers, the location presents an ideal investment opportunity.
