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    1201 Summit Ave Greensboro, NC 27405

    Sponsored
    For Lease
    Contact for pricing

    Prime Office/Retail Space, High Visibility

    Lot size:
    2,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional ±2,800 square foot commercial property, located at 1201 Summit Avenue in Guilford County, presents a unique investment opportunity. Previously occupied by SunTrust Bank, this single-tenant building sits on a sizable 0.4-acre lot and offers excellent visibility due to its prominent frontage on Summit Avenue. The property boasts ample parking with 24 spaces available for tenants and customers. Its strategic location provides easy access to high-traffic areas, benefiting from a strong daily traffic count of 20,270 vehicles passing on Summit Avenue. The surrounding area features a concentration of popular national retailers, including Cookout, McDonald's, Burger King, and Taco Bell, creating a vibrant and convenient commercial environment. This versatile space is ideal for a variety of retail or office uses, offering significant potential for growth and return on investment. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access for their customers or employees. The building's previous use as a bank suggests a solid foundation and potentially adaptable layout. This is a rare opportunity to acquire a well-situated commercial property in a thriving area. Serious inquiries are encouraged.

    Property Features for 1201 Summit Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,800 SF

    Unit(s) available at that property

    Space
    Size
    2,800 SF

    HighLights

    • ±2,800 SF former SunTrust Bank building available for lease.
    • 0.4‑acre lot.
    • 24 parking spaces.
    • High‑visibility location on Summit Avenue with strong traffic counts (20,270 VPD).
    • Excellent proximity to major retailers (Cookout, McDonald's, Burger King, Taco Bell).
    • Single‑tenant occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burger King Restaurant ATM (Suntrust Bank) Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Greensboro
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.772836251345
    Latitude
    36.09064616986

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office/Retail Space, High Visibility
    Where is this office property / space located?
    The property is located at 1201 Summit Ave Greensboro, NC.
    What are key features of this property?
    This property features: ±2,800 SF former SunTrust Bank building available for lease.; 0.4-acre lot.; 24 parking spaces.
    Request Owner's contact information
    1201 Summit Ave Greensboro, NC 27405
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    Greensboro, NC 27405
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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
    1201 Summit Ave Greensboro, NC 27405
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