Retail Shopping Center For
For Sale
Contact for pricing
4701 W Gate City Blvd, Greensboro, NC 27407
Fully leased retail center with potential for increased rental income.
Property Size53,000 SF
Lot Size4.15 Acres
Price / SF$66.04
Days on Market736
Property Features for 4701 W Gate City Blvd
General Information
Standard status
Active
Size
53,000 SF
Lot size
4.15 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Modified Gross
Building Details
Tenancy
Multi
Listing Agency:
Joubran Commercial Properties
Listed By:
JJ Joubran, CCIM, SIOR · License #NC 198904
Source:
Crexi
Added: Aug 21, 2024
Changed: Aug 19
Last Checked: Aug 25 at 7:37PM
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 Joubran Commercial Properties
Investment Insights
Based on property information with market context.
This fully leased retail shopping center is located at the corner of West Gate City Blvd and Groometown Road. The property encompasses approximately 53,000 square feet on a 4.15-acre lot. It features full access off Bowman Avenue. The tenants are all local, and there is potential for increasing the rental rates, which are currently about fifty percent below market. Many tenants are operating on a month-to-month basis or have less than a year remaining on their leases.
Key Highlights
- Fully leased retail shopping center.
- Significant potential to increase rental rates (currently 50% below market).
- Located on a corner lot at West Gate City Blvd and Groometown Road.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27407, NC
49,803
Population
23,861
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
88%
High-School Grad
29.4 sq mi
ZIP Area
1,694
Density / Sq Mi
$59,308
Median Household Income
$35,819
Median Earnings
$1,113
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Retail in Greensboro, NC
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with potential for increased rental income.
Where is this shopping center located?
The property is located at 4701 W Gate City Blvd Greensboro, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully leased retail shopping center.; Significant potential to increase rental rates (currently 50% below market).; Located on a corner lot at West Gate City Blvd and Groometown Road.
