105 W Elm St, Wingate, NC 28174

This property is an excellent investment opportunity directly across the street from Wingate University, with over 200' of combined frontage along Main St and Elm Street. It consists of 1.2 acres of land and two three-bed, two-bath homes. One is 1062 sq ft, and the other is 1584 sq ft, and both have been rental properties for many years. Possibilities include continued rental, using one as a residence and leasing the other, or even tear-down/redevelopment for multi-family/graduate student housing. The town of Wingate is in the process of adopting a Unified Development Ordinance. According to the planning department, community feedback has been that area residents desire projects with a higher density, such as townhomes or condominiums.