High Point, North Carolina, is an attractive destination for investors seeking to capitalize on the city's strong economy and diverse industries. Office Properties for sale in High Point offer a unique opportunity to tap into the city's growing commercial sector, driven by major industries such as furniture, textiles, and bus manufacturing. These properties can represent a range of investments, from single-tenant offices to multi-tenant buildings, each with its own potential for generating revenue. High Point's strategic location, with its proximity to major highways and transportation facilities, makes it an ideal place to invest in Office Properties. The city's amenities, including the Millis Regional Health Education Center, High Point City Lake Park, and Truist Point baseball park, also contribute to its appeal as a business hub. Additionally, the presence of institutions like High Point University and Guilford Technical Community College provides a skilled workforce, further enhancing the city's business environment.
With 17 Office Properties for sale in High Point, investors have a range of options to choose from. These properties offer an average price per square foot of $225 USD, with an average size of 15,160 square feet and a maximum size of 131,975 square feet. The average cap rate for Office Properties in High Point is 10.35%. In addition to Office Properties, High Point also offers a range of other commercial properties, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's diverse economy and strong infrastructure make it an attractive destination for businesses and investors alike. Whether you're looking to invest in a single property or a portfolio of properties, High Point has something to offer.
What is the average price per square foot for office properties in High Point?
The average price per square foot for office properties in High Point is $225 USD per square foot, with an average size of 15,160 square feet and a largest size of 131,975 square feet, among the 17 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in High Point, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to help you make an informed decision.
- Class A office properties are typically modern, well-maintained, and offer high-end amenities, making them ideal for businesses seeking a prestigious address and top-notch facilities.
- Class B office properties are older, but still well-maintained, and may lack some of the high-end amenities of Class A properties, but offer a more affordable option for businesses with smaller budgets.
- Class C office properties are often older, may require renovation, and typically offer fewer amenities, making them a more budget-friendly option for startups or small businesses.
