1410 Westover Ter Greensboro, NC 27408-2002
- Commercial real estate
- 22,256 SF
- 1.29 lot acres
Current Use by Public Records
- Great Outdoor Provision Co. / Clothing Store / Camping Store
- Kotis Street Art / Art Gallery
Property Details for 1410 Westover Ter
- Year built
- 1957
- Construction
- FRAME
- Lot size
- 1.29 lot acres
- Property size
- 22,256 SF
- Zone code
- C-M
- Property type
- Commercial real estate
- APN
- 12264
- APU
- 12264
Description
This exceptional Class A, 100,000 square foot retail strip center, built in 2015, presents a unique investment opportunity in Greensboro, North Carolina. Located in Guilford County, the property boasts an impressive 8.94 acres and features four suites, with 15,457 square feet currently vacant, offering spaces ranging from 600 to 6,720 contiguous square feet. The center benefits from a 7-phase power supply and is zoned CD-C-M. Its prime location at the intersection of Westover Terrace (20,000 ADT) and Wendover Avenue (52,000 ADT), with convenient access to Battleground Avenue (31,000 ADT), ensures high visibility and accessibility. The property is strategically situated adjacent to the 1.5 million square foot Green Valley Office Park and the affluent Irving Park neighborhood, providing a strong customer base. Current tenants include a mix of local and national brands, further enhancing the center's appeal. The architecturally superior design features large display windows and illuminated, covered walkways, creating an attractive and inviting shopping environment. Its proximity to downtown Greensboro, three area hospitals, and the University of North Carolina at Greensboro (with 23,000 students) adds to its desirability. The recently announced addition of a Publix anchor store is expected to significantly increase foot traffic and further enhance the property's value. This is a rare opportunity to acquire a thriving retail center in a high-demand location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,725,000
- AI Estimate
- $1,767,000
Market price range: $2.07M - $5.62MMarket price range: $1.12M - $3.68M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,805,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.8138
- Latitude
- 36.091
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA