This exceptional 7,629-square-foot restaurant space is ideally situated in High Point, North Carolina's desirable Deep River/Palladium area. Currently configured as a single-tenant retail space suitable for a full-service restaurant or bar, this property presents a fantastic opportunity for established or emerging businesses. The space is a second-generation restaurant, meaning much of the necessary infrastructure is already in place. This includes fully functional hoods and walk-in coolers, significantly reducing initial setup costs and time. The property is located at 5840 Samet Drive, High Point, NC 27265, within the Triad submarket of Guilford County. The existing furniture and fixtures are available for purchase, offering a seamless transition for new tenants. This turnkey solution allows for immediate occupancy and a rapid start to operations. The property's prime location within a thriving commercial area ensures high visibility and accessibility for customers. This is a rare opportunity to acquire a well-equipped, strategically located restaurant space in a highly sought-after area. Contact us today to schedule a viewing.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,036,660
6.5%
$956,915
7%
$888,564
Comparable approach
Method
Valuation
Relative Method
$1,007,110
Geo Method
$1,821,210
Alternative Use
Use
Valuation
Industrial / Distribution
$1,953,870
Mixed-Use / Specialty
$918,027
Hospitality / Lodging
$627,337
Office
$875,621
Institutional / Educational
$941,698
Residential Income
$1,101,790
Multifamily
$1,518,100
Automotive / Energy
$807,170
Parking / Income-Based Land
$313,595
Restaurant / Food Service
$401,758
Healthcare / Senior Housing
$977,800
Location Insight
City
High Point
County
Guilford
State
North Carolina
Latitude
36.0343
Longitude
-79.9605
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Samet Dr High Point, NC 27265
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Samet Dr High Point, NC 27265
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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