250 Mountain StKernersville, NC 27284
- Retail properties
- 2,754 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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