2330 Patterson AveWinston-Salem, NC 27105

Property Details for 2330 Patterson Ave

Year built

1974

Construction

STEEL FRAME

Lot size

0.32 AC

Property size (Sq ft)

2,384 SF

Zone code

LB,RS7

Property type

Retail properties

Property subtype

Other individual retail properties

APN

6836-34-1409.00

APU

683634140900

Description

This exceptional investment opportunity presents a 2,384 square foot building situated on a 0.32-acre lot in a densely populated quadrant of Winston-Salem, North Carolina. The property, located at 2330 N Patterson Ave, zip code 27105, is zoned RS7/LB and offers versatile commercial space suitable for various uses, including office and retail. Built in 1974, this single-story building presents a solid foundation for a new owner. The property's prime location within Forsyth County ensures high visibility and accessibility, making it an attractive prospect for businesses seeking a strong foothold in a thriving market. The asking price is $275,000, representing a compelling entry point for investors seeking a profitable venture in a desirable area. The property's size and zoning provide flexibility for a range of commercial enterprises, offering significant potential for return on investment. This is a rare opportunity to acquire a well-located commercial property in a growing North Carolina market. Serious inquiries are encouraged to explore this promising investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $384,483

  6.5%

  $354,907

  7%

  $329,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $762,573

  Geo Method

  $1,017,340

• Alternative Use

  Use

  Valuation

  Residential

  $299,377

  Hospitality

  $274,228

  Educational

  $228,155

  Medical

  $236,001

  Retail

  $354,907

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.119

Longitude

-80.2422

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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