3701 Groometown Rd - Historic Sedgefield Showgrounds Barn
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3701 Groometown Rd - Historic Sedgefield Showgrounds Barn
6,696 SF Speciality Building Offered at £215,174 in Greensboro, NC 27407
Executive Summary
Back on Market - last offer fell through.
Zoning Update: Seller is in process for rezoning (on December 2024 Board Agenda) to LI with the following conditions:
1. Permitted uses are limited to all uses permitted in the LI zoning district except: Hotels/Motels and Manufacture or assembly of appliances, equipment, instruments (including musical instruments), precision items or electrical items, sporting goods, and toys.
2. Maximum sign height is limited to 15 feet.
3. No Outdoor Advertising signs (Billboards) shall be permitted.
4. The existing building must remain.
5. Only one principal building is permitted.
A chance to own and rehabilitate the historic 1927 Sedgefield Showgrounds Barn for a new and exciting use. Approximately 6,696 sf heavy timber construction on the corner of Groometown and Vandalia Roads (~0.93ac). Interior volume may allow for the addition of mezzanine(s) or second floor. The barn is on the National Register study list and may be eligible for local and national landmark registry. state and national historic rehabilitation tax credits may be available for approved restoration/renovation and rehabilitation. The property may also be eligible for deferred property tax as an historic property. The current owner, Preservation Greensboro Development Fund can provide advice concerning tax and preservation programs. Good visibility and traffic counts. For sale at below tax value.
Sold subject to preservation easement and rehabilitation agreement. Sale price of $275,000
Zoning Update: Seller is in process for rezoning (on December 2024 Board Agenda) to LI with the following conditions:
1. Permitted uses are limited to all uses permitted in the LI zoning district except: Hotels/Motels and Manufacture or assembly of appliances, equipment, instruments (including musical instruments), precision items or electrical items, sporting goods, and toys.
2. Maximum sign height is limited to 15 feet.
3. No Outdoor Advertising signs (Billboards) shall be permitted.
4. The existing building must remain.
5. Only one principal building is permitted.
A chance to own and rehabilitate the historic 1927 Sedgefield Showgrounds Barn for a new and exciting use. Approximately 6,696 sf heavy timber construction on the corner of Groometown and Vandalia Roads (~0.93ac). Interior volume may allow for the addition of mezzanine(s) or second floor. The barn is on the National Register study list and may be eligible for local and national landmark registry. state and national historic rehabilitation tax credits may be available for approved restoration/renovation and rehabilitation. The property may also be eligible for deferred property tax as an historic property. The current owner, Preservation Greensboro Development Fund can provide advice concerning tax and preservation programs. Good visibility and traffic counts. For sale at below tax value.
Sold subject to preservation easement and rehabilitation agreement. Sale price of $275,000
Property Facts
| Price | £215,174 | Property Type | Speciality |
| Price Per SF | £32 | Building Size | 6,696 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Sale Conditions | Development Sale | Year Built | 1927 |
| Price | £215,174 |
| Price Per SF | £32 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Development Sale |
| Property Type | Speciality |
| Building Size | 6,696 SF |
| Number of Floors | 1 |
| Year Built | 1927 |
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Sheldon Development Group
3701 Groometown Rd - Historic Sedgefield Showgrounds Barn
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