1375 Peters Creek PkwyWinston-Salem, NC 27103

Property Details for 1375 Peters Creek Pkwy

Year built

1992

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

3,622 SF

Zone code

HB

Property type

Retail properties

Property subtype

Turn key restaurants

APN

6824-88-2638.00

APU

682488263800

Description

This exceptional 4,448 square foot freestanding retail/restaurant building presents a turnkey opportunity in a high-traffic location on Peters Creek Parkway in Winston-Salem, NC. Boasting a prominent position on this busy corridor (27,780 cars daily), the property offers unparalleled visibility and accessibility. The single-tenant building sits on a 0.78-acre lot and includes a convenient drive-thru window, a significant advantage for quick-service restaurants or similar businesses. With 57 parking spaces, ample customer parking is ensured. The building's zoning is HB. Its strategic location between I-40, Salem Parkway, and downtown Winston-Salem provides easy access for customers and employees alike. The property's address is 1375 Peters Creek Pkwy, Winston-Salem, NC 27103, and its APN is 684-88-2638. This is a rare chance to secure a well-situated, fully vacant space in a thriving commercial area. The property is ready for immediate occupancy, allowing for a swift start to operations. The one-story building offers a flexible layout adaptable to a variety of retail or restaurant concepts. Don't miss this chance to establish your business in a high-demand location with excellent visibility and convenient access.

• CAP approach

  CAP return

  Valuation

  6%

  $584,143

  6.5%

  $539,209

  7%

  $500,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,158,573

  Geo Method

  $1,545,641

• Alternative Use

  Use

  Valuation

  Residential

  $454,843

  Hospitality

  $416,633

  Educational

  $346,634

  Medical

  $358,555

  Retail

  $539,209

Location Insight

City

Winston Salem

County

Forsyth

State

North Carolina

Latitude

36.0754

Longitude

-80.258

CBSA code

49180

CBSA name

WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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