250 Mountain StKernersville, NC 27284

  • Retail properties
  • 2,754 SF
For Sale
$950,000 View listing

Property Details for 250 Mountain St

Year built
1973
Construction
STEEL FRAME
Lot size
0.97 AC
Property size (Sq ft)
2,754 SF
Zone code
GB
Property type
Retail properties
Property subtype
Drive through restaurants
APN
6886-33-9674.00
APU
688633967400

Description

This thriving quick-service restaurant and restaurant space, located at 250 E Mountain St, Kernersville, NC 27284, presents a fantastic investment opportunity. The 2,754 square foot building sits on a 0.97-acre corner lot, offering excellent visibility and accessibility off Mountain Street and Broad Street. Built in 1973 and renovated in 1996, the property boasts a well-maintained interior with ceramic tile flooring and recessed lighting. The kitchen area features fire suppression in the grill area, two walk-in coolers, multiple sinks, and floor drains. The dining area comfortably seats 52 customers. The property also includes ample parking with approximately 19,000+ square feet of paving (fair condition) and four light poles. The asking price is $950,000, translating to $344.95 per square foot. This single-story building offers a strong foundation for continued success in a desirable location. The property's features, including its size, location, and existing infrastructure, make it an attractive option for both established businesses and new ventures. The point of sale counter and existing interior design are in good condition. This is a turnkey operation ready for a new owner to step in and continue its success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $444,155
    6.5%
    $409,989
    7%
    $380,704
  • Comparable approach

    Method
    Valuation
    Relative Method
    $880,925
    Geo Method
    $1,175,233
  • Alternative Use

    Use
    Valuation
    Residential
    $345,841
    Hospitality
    $316,789
    Educational
    $263,564
    Medical
    $272,629
    Retail
    $409,989
250 Mountain St, Kernersville, North Carolina

Location Insight

City
Kernersville
County
Forsyth
State
North Carolina
Latitude
36.1183
Longitude
-80.07
CBSA code
49180
CBSA name
WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$8,851
$440,400
$225,700
$666,100
-
$440,400
$225,700
$666,100

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