1717 Mountain St Kernersville, NC 27284
- Retail space
- 2,105 SF
- 0.48 lot acres
Current Use by Public Records
- Retail space
Property Details for 1717 Mountain St
- Year built
- 1946
- Construction
- WOOD FRAME
- Lot size
- 0.48 lot acres
- Property size
- 2,105 SF
- Zone code
- RS12
- Property type
- Retail space
- APN
- 6877-10-9163.00
- APU
- 687710916300
Description
This 285,000 USD Kernersville retail property presents a unique investment opportunity. Located at 1717 W Mountain Street, the building is ideally suited for a country store and tire shop, or a tire shop exclusively. The sale is "as is," reflecting the current condition. Significant recent improvements enhance the property's value. A new roof was installed in 2023, addressing a key structural element. Electrical upgrades were also completed in 2023, ensuring modern functionality. The bathroom has been updated in 2023 as well, improving the overall amenity level. Interior painting has been recently finished, providing a fresh and clean aesthetic. Heating is provided by a wood stove, offering a cost-effective solution. The property sits on a lot with zero acres, making it a compact and manageable space. This property is ready for a new owner to capitalize on its potential. The building's existing configuration and recent renovations make it an attractive option for entrepreneurs seeking a turnkey retail space. The "as is" condition allows for flexibility in customization and potential cost savings. Serious inquiries are encouraged to explore this promising investment opportunity in a desirable Kernersville location. The property's strategic location and recent upgrades make it a compelling proposition for those seeking a profitable retail venture.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $160,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $150,000
- Geo Method
- $195,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $185,000
- Mixed-Use
- $165,000
- Hospitality
- $180,000
- Educational
- $175,000
- Residential Income
- $190,000
- Energy
- $220,000
- Income-Based Land
- $210,000
- Food Service
- $185,000
Location Insight
- Map
- Local Demand
- City
- Kernersville
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.1109
- Latitude
- 36.1357
- CBSA code
- 49180
- CBSA name
- WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
