501 Teague StGreensboro, NC 27406

Property Details for 501 Teague St

Year built

1999

Construction

FRAME

Lot size

0.81 AC

Property size (Sq ft)

600 SF

Zone code

C-M

Property type

Retail space

APN

93086

APU

93086

Description

This 600-square-foot retail space at 501 Teague Street in Greensboro, North Carolina, presents a unique investment opportunity. Built in 2002, the property sits on a 0.74-acre lot (APN: 7863219590) and is zoned for Highway Business use. Its highly visible corner location on Randleman Road offers excellent exposure to a large volume of traffic. The property benefits from exceptional access to I-40 and Business I-85, ensuring high visibility and convenient access for customers. Nearby businesses include well-known establishments such as Wendy's, Cook Out, Waffle House, and Home Depot, indicating a strong retail presence in the area. The property was previously used as a gas station and car wash, though deed restrictions apply. A substantial employment base in the immediate vicinity further enhances the property's potential. This location offers significant advantages for a variety of retail businesses seeking high visibility and convenient access to major transportation arteries. The property's size and location make it ideal for a range of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $96,766

  6.5%

  $89,322

  7%

  $82,942

• Comparable approach

  Method

  Valuation

  Relative Method

  $191,923

  Geo Method

  $347,064

• Alternative Use

  Use

  Valuation

  Residential

  $75,347

  Hospitality

  $69,017

  Educational

  $57,421

  Medical

  $59,396

  Retail

  $89,322

Location Insight

City

Greensboro

County

Guilford

State

North Carolina

Latitude

36.032

Longitude

-79.8016

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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