Property profile

535 Nelson St Kernersville, NC 27284

OFF-MARKET
Retail properties & Spaces
43,858 SF 5.85 ac lot Built 1987
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Property summary

AI-generated overview

This exceptional retail property, located at 535 Nelson Street in Kernersville, North Carolina, presents a significant investment opportunity. The 43,858 square foot building sits on a 5.85-acre lot and is zoned HB. Built in 1987, the property boasts a flexible floor plan suitable for a variety of retail uses. Previously occupied by a Lowe's Food store, the building is situated within Piney Grove Plaza, a shopping center anchored by established tenants including Subway, Jackson Hewitt, and Amalfi's Pizza. Its prime location offers excellent visibility and accessibility, benefiting from high traffic counts in a thriving retail corridor. Nearby businesses include Dollar Tree, Walgreens, AutoZone, Sonic, and Grease Monkey, further enhancing the property's desirability. The asking price is $3,300,000, translating to a price per square foot of $75.24. The property's APN is 6886-47-3168. This presents a rare chance to acquire a substantial retail space in a strong retail area of Forsyth County, North Carolina, with significant potential for growth and return on investment. The property's size and location make it an ideal candidate for a variety of retail concepts.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1987
Total area 43,858 SF
Lot 5.85 ac (254,826 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Bank Credit Union

Location

535 Nelson St Kernersville, NC 27284
Kernersville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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