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    OFF-MARKET
    Retail properties & Spaces

    535 Nelson St, Kernersville, NC 27284

    43,858 SF 5.85 ac lot Built 1987
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • Coinstar Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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