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    802-808 Merritt Dr Greensboro, NC 27407

    For Sale
    $1,700,000

    Prime Retail Building & Parking Lots

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional Greensboro investment opportunity encompasses a thriving retail building and two expansive adjacent parking lots, totaling approximately 0.93 acres. The main structure, known as the Pomona Shoppes Building (Posh Suites), is situated at 802-808 Merritt Drive and offers significant potential for various retail uses. The property's history as the Domino Hosiery Mills Inc. adds to its unique character and charm. The sale includes two additional parcels, located at 801 and 805 Watkins Street, providing ample parking for 37 vehicles. These strategically located parking lots significantly enhance the property's value and appeal to potential tenants. The combined lot size offers considerable flexibility for future development or expansion. The current tax assessment reflects only the Merritt Drive building and lot

    Property Features for 802-808 Merritt Dr

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1953
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.85583
    Latitude
    36.0597

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Building & Parking Lots
    Where is this retail property located?
    The property is located at 802-808 Merritt Dr Greensboro, NC.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (336) 272-0151
    Request Owner's contact information
    802-808 Merritt Dr Greensboro, NC 27407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    802-808 Merritt Dr Greensboro, NC 27407
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