189 Hickory Tree RdWinston-Salem, NC 27101

Property Details for 189 Hickory Tree Rd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.99 AC

Property size (Sq ft)

79,586 SF

Zone code

CS

Property type

Super regional malls

APN

13-014-0-000-0008

APU

1301400000008

Description

Midway Commons, located at 189 Hickory Tree Rd, Winston-Salem, NC 27107, offers exceptional retail space totaling 17,595 contiguous square feet, with a minimum divisible space of 1,000 square feet. Currently, 6,164 square feet are vacant, divided into three available suites. Two suites (112 & 104) are priced at $12.00 per square foot. Pricing for suite 108 is available upon request. This single-building property benefits from a strong location at the Hwy 52/I-285 interchange, providing excellent visibility and accessibility. The surrounding area boasts robust demographics, with populations within 3, 5, and 7 miles totaling 14,291, 46,056, and 92,694 respectively. Household incomes within these radii are $85,015, $89,334, and $79,754, indicating a high purchasing power. The property enjoys a diverse mix of co-tenants, including established businesses such as Dollar Tree, CVS, Sakura Japanese, To The Moon & Back, Pronto Pizza, Pizza Hut, and Thomasville Pediatrics, creating a vibrant and attractive retail environment. This prime retail location presents a unique opportunity for businesses seeking high visibility and access to a substantial consumer base. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $12,835,332

  6.5%

  $11,847,999

  7%

  $11,001,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,457,258

  Geo Method

  $33,962,276

• Alternative Use

  Use

  Valuation

  Residential

  $9,994,230

  Hospitality

  $9,154,661

  Educational

  $7,616,571

  Medical

  $7,878,516

  Retail

  $11,847,999

Location Insight

City

Winston Salem

County

Davidson

State

North Carolina

Latitude

35.9662

Longitude

-80.2233

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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