3870 Bethania Station RdWinston-Salem, NC 27106

Property Details for 3870 Bethania Station Rd

Year built

1995

Construction

WOOD FRAME

Lot size

21.77 AC

Property size (Sq ft)

3,200 SF

Zone code

HB-S,RM18,RS9

Property type

Retail properties

Property subtype

Turn key restaurants

APN

6817-69-2775.00

APU

681769277500

Description

This exceptional 2,500 square foot restaurant property, located at 3870 Bethania Station Rd in Winston-Salem, North Carolina, is offered at $899,000 ($359.60/sq ft). Built in 1995, this single-story building sits on a substantial 21.77-acre lot. The property includes four tax parcels totaling approximately 36 acres (subject to survey). Its versatile nature presents a unique investment opportunity. Current zoning and restrictions should be verified by prospective buyers. The property's size and acreage make it ideal for a variety of uses beyond its current configuration as a restaurant. Consideration could be given to repurposing the space as an event venue, a farm-to-table restaurant, or a brewery. Alternatively, given the land size, a return to its historic use as a par three golf course may be feasible, subject to the aforementioned zoning and restrictions. This property offers significant potential for a discerning investor seeking a substantial footprint in a desirable location within Forsyth County, NC, zip code 27106. The asking price reflects the property's size, location, and the multiple development possibilities it presents. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $516,084

  6.5%

  $476,385

  7%

  $442,358

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,023,587

  Geo Method

  $1,365,558

• Alternative Use

  Use

  Valuation

  Residential

  $401,849

  Hospitality

  $368,091

  Educational

  $306,248

  Medical

  $316,780

  Retail

  $476,385

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.1602

Longitude

-80.3003

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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