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Property profile & analytics

1201 Summit Ave Greensboro, NC 27405

  • Commercial real estate
  • 2,473 SF
  • 0.86 lot acres
Value Estimation
Last Sale
Jan 26, 2023
Location Intelligence
Property ID
US53-0987367
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Burger King / Restaurant / Fast Food Restaurant
  • ATM (Suntrust Bank) / Atm

Property Details for 1201 Summit Ave

Year built
2005
Construction
FRAME
Lot size
0.86 lot acres
Property size
2,473 SF
Zone code
C-M
Property type
Commercial real estate
APN
27192
APU
27192

Description

This exceptional ±2,800 square foot commercial property, located at 1201 Summit Avenue in Guilford County, presents a unique investment opportunity. Previously occupied by SunTrust Bank, this single-tenant building sits on a sizable 0.4-acre lot and offers excellent visibility due to its prominent frontage on Summit Avenue. The property boasts ample parking with 24 spaces available for tenants and customers. Its strategic location provides easy access to high-traffic areas, benefiting from a strong daily traffic count of 20,270 vehicles passing on Summit Avenue. The surrounding area features a concentration of popular national retailers, including Cookout, McDonald's, Burger King, and Taco Bell, creating a vibrant and convenient commercial environment. This versatile space is ideal for a variety of retail or office uses, offering significant potential for growth and return on investment. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access for their customers or employees. The building's previous use as a bank suggests a solid foundation and potentially adaptable layout. This is a rare opportunity to acquire a well-situated commercial property in a thriving area. Serious inquiries are encouraged.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Greensboro
County
Guilford
State
North Carolina
Longitude
-79.7732
Latitude
36.091
CBSA code
24660
CBSA name
GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,776
$685,400
$652,900
$1,338,300
-
$685,400
$652,900
$1,338,300
More about this property
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