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    OFF-MARKET
    Turn key restaurants

    1375 Peters Crk Pkwy, Winston Salem, NC 27103-4571

    3,622 SF 0.78 ac lot Built 1992
    Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-5347294
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1992
    Construction WOOD
    Total area 3,622 SF
    Lot 0.78 ac (33,977 SF)
    Zoning code HB
    APN 6824-88-2638.00
    UPID US53-5347294
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Crazy Crab Seafood & Grill Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Peters Creek Land Group LLC · 18 yrs held
    Peters Creek Land Group LLC
    since 2008
    5 recorded transactions
    2008
    $450,000
    2001
    $650,000
    1969
    1969
    1969
    Zoning & alternative use
    HB · Winston Salem, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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