3842 Country Clb RdWinston-Salem, NC 27104

Property Details for 3842 Country Clb Rd

Year built

1928

Lot size

0.38 AC

Property size (Sq ft)

2,055 SF

Zone code

RM5

Property type

Day care centers & nurseries

APN

6815-14-2173.00

APU

681514217300

Description

This exceptional 2,055 square foot property, located at 3842 Country Club Road in Winston-Salem, North Carolina, presents a unique investment opportunity. Currently vacant, this single-building property sits on a 0.38-acre lot and offers immense potential for various uses. Previously operating as a daycare center, its zoning (RM5) allows for flexible redevelopment options, catering to office, retail, or continued use as a daycare. Built in 1928 and renovated in 1991, the building boasts a solid foundation and is ready for its next chapter. The property's strategic location less than half a mile from Silas Creek Parkway and one mile from US-421 ensures high visibility and accessibility, benefiting from a substantial daily traffic volume of 14,500 vehicles on Country Club Road. The asking price is $450,000, making this a compelling investment in a thriving Winston-Salem neighborhood. The property's Forsyth County location, with APN 6815-14-2173, provides easy access to local amenities and a strong community presence. This is an ideal opportunity for an investor seeking a versatile property with significant upside potential in a desirable location. The property's history as a daycare center provides a solid foundation for continued use in that capacity or a seamless transition to other commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $220,385

  6.5%

  $203,432

  7%

  $188,901

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,974

  Geo Method

  $400,193

• Alternative Use

  Use

  Valuation

  Residential

  $258,062

  Hospitality

  $236,384

  Educational

  $196,668

  Medical

  $203,432

  Retail

  $305,929

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.0897

Longitude

-80.3156

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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