This exceptional 4,476-square-foot former bank branch, situated on 1.62 acres in Guilford County, presents a unique opportunity for lease or redevelopment. Located on Battleground Avenue in Greensboro, this single-tenant property boasts high visibility and accessibility, with 17,500 vehicles passing daily. Its strategic position within the Battleground Avenue retail corridor places it in close proximity to the affluent Irving Park neighborhood and the Green Valley Office Park, ensuring a strong customer base. The property features a convenient drive-thru, a dedicated pylon sign, and secondary access on Grecade Street. Cross-access with a Sheetz convenience store further enhances its appeal. This rare infill location is less than one mile from a planned Publix development, promising increased foot traffic and commercial activity in the near future. The property is suitable for most financial institutions and offers flexibility for lease, ground lease, or build-to-suit options. The entire 4,476 square feet is currently vacant, providing a blank canvas for a discerning tenant to create a thriving business.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$562,887
6.5%
$519,588
7%
$482,475
Comparable approach
Method
Valuation
Relative Method
$574,626
Geo Method
$1,039,130
Alternative Use
Use
Valuation
Industrial / Distribution
$1,159,420
Retail / Commercial
$567,828
Mixed-Use / Specialty
$544,751
Hospitality / Lodging
$372,258
Office
$519,588
Institutional / Educational
$558,798
Residential Income
$653,793
Multifamily
$900,832
Automotive / Energy
$478,970
Parking / Income-Based Land
$186,085
Restaurant / Food Service
$238,401
Healthcare / Senior Housing
$580,221
Location Insight
City
Greensboro
County
Guilford
State
North Carolina
Latitude
36.0869
Longitude
-79.8065
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
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Battleground Ave Greensboro, NC 27408
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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