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Former Bank on Summit Avenue
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1201 Summit Ave, Greensboro, NC 27405

2,800 SF retail/office space with high visibility.

Space Size2,800 SF
Lot Size0.40 Acres
Days on Market627

Property Features for 1201 Summit Ave

General Information

Standard status Active
Size 2,800 SF
Lot size 0.40 Acres
Property subtype RETAIL

Spaces For Lease

at 1201 Summit Ave
1201 Summit Ave AVAILABLE, Now
Floor Bldg
Size 2,800 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- ± 2,800 SFformer suntrust bank available - ± 0.40 Acres - 24 parking spaces - Excellent frontage on summit avenue, providing high visibility for potential retail or office use - Located near major retailers such as cookout, mcdonald’s, burger king, and taco bell - Strong traffic counts of 20,270 vpd on summit avenue - Asking price: $1,250,000
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Listing Agency: New South Properties of the Carolinas
Listed By: Dale Hall · License #166766
Source: Moodyscre
Added: Jan 16, 2025 Changed: Sep 13 Last Checked: Oct 4 at 6:48AM

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.

This property offers approximately 2,800 square feet of space on a 0.40-acre lot. Formerly a SunTrust Bank, the site includes 24 parking spaces and excellent frontage on Summit Avenue, providing high visibility. The location benefits from strong traffic counts of 20,270 vehicles per day on Summit Avenue. It is situated near major retailers, including Cookout, McDonald’s, Burger King, and Taco Bell, making it suitable for retail or office use.

Key Highlights

  • Excellent frontage on Summit Avenue, providing high visibility
  • 24 parking spaces
  • ± 2,800 SF former SunTrust Bank

Property Analytics

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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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,818
Businesses Nearby
226k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 32% Apparel 6% Home Improvements & Furnishings 1%
McDonald's Dining
35,608 visits/mo 0.1 miles
Cook Out Dining
26,863 visits/mo 0.1 miles
Dollar Tree Shops & Services
17,040 visits/mo 0.3 miles
SONIC Drive In Dining
14,589 visits/mo 0.4 miles
Wendy's Dining
12,329 visits/mo 0.4 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Greensboro, NC

6% 2020
6.5% 2021
4.6% 2022
4.7% 2023
4.6% 2024
4% 2025
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Frequently Asked Questions

What type of property is this?
Bank - 2,800 SF retail/office space with high visibility.
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: Excellent frontage on Summit Avenue, providing high visibility; 24 parking spaces; ± 2,800 SF former SunTrust Bank
(704) 927-2880 Call to check price and availability
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