2808 Reynolda RdWinston-Salem, NC 27106

Property Details for 2808 Reynolda Rd

Year built

1962

Construction

BRICK

Lot size

11.49 AC

Property size (Sq ft)

84,582 SF

Zone code

HB

Property type

Retail properties

Property subtype

Strip malls

APN

6817-63-0479.00

APU

681763047900

Description

Reynolda Manor Shopping Center, located at 2808 Reynolda Rd in Winston-Salem, NC 27106, presents a prime retail investment opportunity. This single-story, 153,343 square foot shopping center boasts 30 suites and is situated on a heavily trafficked retail corridor, offering excellent visibility and ample parking. Its strategic location at a signalized intersection provides multiple points of ingress and egress, ensuring easy accessibility for shoppers. Currently, 13,168 square feet of space is available, with individual suites ranging from 960 to 4,252 square feet, presenting opportunities for various retail businesses. The center benefits from its proximity to Wake Forest University, a significant draw with its nearly 9,000 students and over 6,500 faculty and staff. The Forsyth County location, zoned HB, further enhances its appeal. Adjacent vacancies offer a unique opportunity for restaurant development, capitalizing on the high foot traffic and proximity to the university. This well-established retail hub provides a strong foundation for future growth and profitability. The property consists of one building.

• CAP approach

  CAP return

  Valuation

  6%

  $13,641,068

  6.5%

  $12,591,755

  7%

  $11,692,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,055,334

  Geo Method

  $36,094,252

• Alternative Use

  Use

  Valuation

  Residential

  $10,621,617

  Hospitality

  $9,729,344

  Educational

  $8,094,700

  Medical

  $8,373,089

  Retail

  $12,591,755

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.1428

Longitude

-80.3002

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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