250 Mountain StKernersville, NC 27284

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $374,224

  6.5%

  $345,438

  7%

  $320,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $363,556

  Geo Method

  $485,017

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $705,330

  Mixed-Use / Specialty

  $331,399

  Hospitality / Lodging

  $226,463

  Office

  $316,091

  Institutional / Educational

  $339,945

  Residential Income

  $397,735

  Multifamily

  $548,021

  Automotive / Energy

  $291,381

  Parking / Income-Based Land

  $113,205

  Restaurant / Food Service

  $145,031

  Healthcare / Senior Housing

  $352,977

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

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