5840 Samet DrHigh Point, NC 27265

Property Details for 5840 Samet Dr

Year built

2005

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

7,629 SF

Zone code

PDM

Property type

Retail properties

Property subtype

Retail space

APN

212278

APU

212278

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,230,377

  6.5%

  $1,135,732

  7%

  $1,054,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,440,296

  Geo Method

  $4,412,925

• Alternative Use

  Use

  Valuation

  Residential

  $958,033

  Hospitality

  $877,553

  Educational

  $730,114

  Medical

  $755,223

  Retail

  $1,135,732

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

Property Tax & Assessments

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