110 Mcwalker RdReidsville, NC 27320

Property Details for 110 Mcwalker Rd

Year built

1966

Lot size

0.72 AC

Property size (Sq ft)

2,624 SF

Zone code

HWY COMM COUNTY

Property type

Retail properties

Property subtype

Retail space

APN

8901-00-40-1790-00

APU

89010040179000

Description

This exceptional investment opportunity presents a thriving gas station and convenience store located at 110 McWalker Road in Reidsville, North Carolina. The property enjoys a highly visible and easily accessible location, ideal for attracting a large customer base. The substantial retail space is well-suited for a variety of operations, offering significant potential for growth and profitability. This turnkey business includes four distinct revenue streams: a car dealership, tire and mechanical services, a gas station, and a well-stocked convenience store. The convenience store offers a wide selection of products, from snacks and beverages to everyday necessities, providing a significant supplemental income stream. Further enhancing profitability is the inclusion of a lottery machine. This property represents a rare chance to acquire an established and successful business in a prime Reidsville location, offering immediate income generation and significant long-term growth potential. The property is offered at $799,000. The lot size is 0 acres. The property type is retail. This is an excellent opportunity for an entrepreneur seeking a diverse and established business.

• CAP approach

  CAP return

  Valuation

  6%

  $423,189

  6.5%

  $390,636

  7%

  $362,733

• Comparable approach

  Method

  Valuation

  Relative Method

  $839,342

  Geo Method

  $1,517,829

• Alternative Use

  Use

  Valuation

  Residential

  $329,516

  Hospitality

  $301,835

  Educational

  $251,123

  Medical

  $259,760

  Retail

  $390,636

Location Insight

City

Reidsville

County

Rockingham

State

North Carolina

Latitude

36.2503

Longitude

-79.6639

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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