1717 Mountain StKernersville, NC 27284

Property Details for 1717 Mountain St

Year built

1946

Construction

WOOD FRAME

Lot size

0.48 AC

Property size (Sq ft)

2,105 SF

Zone code

RS12

Property type

Retail space

APN

6877-10-9163.00

APU

687710916300

Description

This 285,000 USD Kernersville retail property presents a unique investment opportunity. Located at 1717 W Mountain Street, the building is ideally suited for a country store and tire shop, or a tire shop exclusively. The sale is "as is," reflecting the current condition. Significant recent improvements enhance the property's value. A new roof was installed in 2023, addressing a key structural element. Electrical upgrades were also completed in 2023, ensuring modern functionality. The bathroom has been updated in 2023 as well, improving the overall amenity level. Interior painting has been recently finished, providing a fresh and clean aesthetic. Heating is provided by a wood stove, offering a cost-effective solution. The property sits on a lot with zero acres, making it a compact and manageable space. This property is ready for a new owner to capitalize on its potential. The building's existing configuration and recent renovations make it an attractive option for entrepreneurs seeking a turnkey retail space. The "as is" condition allows for flexibility in customization and potential cost savings. Serious inquiries are encouraged to explore this promising investment opportunity in a desirable Kernersville location. The property's strategic location and recent upgrades make it a compelling proposition for those seeking a profitable retail venture.

• CAP approach

  CAP return

  Valuation

  6%

  $286,036

  6.5%

  $264,033

  7%

  $245,173

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,882

  Geo Method

  $370,719

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $539,114

  Mixed-Use / Specialty

  $253,303

  Hospitality / Lodging

  $173,095

  Office

  $241,602

  Institutional / Educational

  $259,834

  Residential Income

  $304,006

  Multifamily

  $418,876

  Automotive / Energy

  $222,715

  Parking / Income-Based Land

  $86,527.50

  Restaurant / Food Service

  $110,853

  Healthcare / Senior Housing

  $269,796

Location Insight

City

Kernersville

County

Forsyth

State

North Carolina

Latitude

36.1357

Longitude

-80.1109

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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