Property summary
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
VerifiedCap rate & NOI
Current use
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Bank Credit Union
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Bank Credit Union
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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