2020 Mountain StKernersville, NC 27284

Property Details for 2020 Mountain St

Year built

1973

Construction

CONCRETE

Lot size

1.16 AC

Property size (Sq ft)

1,944 SF

Zone code

HB

Property type

Retail properties

Property subtype

Retail space

APN

6866-99-6392.00

APU

686699639200

Description

This exceptional 2,400 square foot commercial property, located at 2020 W. Mountain Street in Kernersville, North Carolina, presents a unique investment opportunity. Built in 1973 and renovated in 1986, this single-story building sits on a 1.16-acre lot (APN 6866-99-6392) and is zoned HB. Its versatile nature allows for a variety of uses, including restaurant, medical, office, or flexible space, making it ideal for entrepreneurs and investors alike. The property's prime location is less than a mile from the new Northern Beltway, ensuring high visibility and accessibility. Strong demographics support the area, with populations ranging from 27,563 to 127,416 within a 3-7 mile radius, boasting 12,767 to 50,182 households and median ages between 38.2 and 42.4 years. Average household incomes in the area range from $83,461 to $98,795. This property offers significant potential for growth and profitability in a thriving community. The asking price is $750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $313,521

  6.5%

  $289,404

  7%

  $268,732

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,829

  Geo Method

  $829,576

• Alternative Use

  Use

  Valuation

  Residential

  $244,123

  Hospitality

  $223,615

  Educational

  $186,045

  Medical

  $192,444

  Retail

  $289,404

Location Insight

City

Kernersville

County

Forsyth

State

North Carolina

Latitude

36.1333

Longitude

-80.1185

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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