Long-vacant site may get new business life

Mar. 08, 2014 @ 03:00 PM

A tract of business property along N. Main Street that’s been vacant for the past 12 years could have new life in the near future.
Demolition crews recently began tearing down and removing the debris from the long-closed Young’s Furniture building. The site, in the heart of the Uptowne section, is along N. Main just north of the intersection with State Avenue, adjacent to a Wells Fargo bank branch.
Property owner Buck Kester, a longtime local business leader, said he has a pending contract with a buyer who would develop the front part of the 1.5-acre tract. Kester told The High Point Enterprise that he’s limited in what he can say at this point about the plans because of the terms of the negotiations.
“We have a contract on it, but we’re not at liberty to say who’s buying it yet,” Kester said Thursday.
The contract is for an acre of the tract that faces N. Main.
Kester said that he should have more information on the status of the property and the pending sale in two to four weeks.
“There’s not a whole lot I can tell you about it, because I’m kind of restricted for a little bit,” said Kester, who added he can’t discuss at this time the potential use for the property through the potential buyer.
No plans have been submitted to the city of High Point Planning Department for the redevelopment of the site, said Doug Loveland, senior planner for the department. The last time Young’s Furniture had a business license with the city was June 2002, when the license expired, according to city records.
pjohnson@hpe.com | 888-3528