535 Nelson St, Kernersville, NC 27284
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.
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Western Union Bank Credit Union
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Coinstar Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.