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Former Bank with High-Visibility Frontage
For Lease
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1201 Summit Ave, Greensboro, NC 27405

Former SunTrust bank space offers about 2,800 SF and 24 parking spaces with strong Summit Ave exposure.

Property Size2,800 SF
Lot Size0.40 Acres
Days on Market560

Property Features for 1201 Summit Ave

General Information

Standard status Active
Size 2,800 SF
Total Parking Spaces 24
Lot size 0.40 Acres
Property subtype RETAIL

Additional Details

Traffic Count 20,270 vehicles/day
Listing Agency: New South Properties of the Carolinas
Listed By: Dale Hall · License #351666
Source: Moodyscre
Added: Jan 16, 2025 Changed: Jul 27 Last Checked: Jul 29 at 3:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New South Properties of the Carolinas

Investment Insights

Based on property information with market context.

±2,800 SF former SunTrust bank available for lease. The offering sits on approximately 0.40 acres and includes 24 parking spaces, providing convenient on-site access for customers and employees.

The property has excellent frontage on Summit Avenue for high visibility. It is positioned near major retailers including Cookout, McDonald’s, Burger King, and Taco Bell. The area is supported by strong traffic counts of 20,270 vehicles per day on Summit Avenue, which can benefit retail or office users seeking consistent drive-by exposure.

This combination of street-facing presence, parking, and nearby national quick-service tenants makes the space well-suited for businesses that want a prominent location along a busy corridor.

Key Highlights

  • Former SunTrust bank with approximately 2,800 SF of available space
  • About 0.40‑acre site with 24 parking spaces
  • Strong traffic counts of 20,270 VPD on Summit Avenue

Property Analytics

Current Use

Burger King Restaurant ATM (Suntrust Bank) Atm

Suggested Use

Top Pick Garden Center Veterinary Clinic Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Pet Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20,270 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

359
Businesses Nearby

Demographics for 27405, NC

51,506
Population
21,762
Households
2.4
Avg Household Size
34
Median Age
23%
College-Educated
84%
High-School Grad
31.4 sq mi
ZIP Area
1,640
Density / Sq Mi
$46,498
Median Household Income
$31,677
Median Earnings
$1,002
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Former SunTrust bank space offers about 2,800 SF and 24 parking spaces with strong Summit Ave exposure.
Where is this bank located?
The property is located at 1201 Summit Ave Greensboro, NC.
What are key features of this property?
This property features: Former SunTrust bank with approximately 2,800 SF of available space; About 0.40‑acre site with 24 parking spaces; Strong traffic counts of 20,270 VPD on Summit Avenue
(704) 927-2880 Call to check price and availability
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