Property profile

220 Kings Hwy Eden, NC 27288

OFF-MARKET
Super regional malls
Property ID
US53-1935732
116,084 SF 11.99 ac lot Built 1970
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents three available spaces within the 115,000 square foot Kingsway Plaza, located at 220 West Kings Highway in Eden, North Carolina, zip code 27288. Situated in Rockingham County, this strip center offers spaces ranging from 4,000 to 12,341 contiguous square feet, with a total of 25,381 square feet currently vacant. The property boasts a prime location on West Kings Highway and Highway 87, placing it within Eden's thriving retail district. Established tenants include Peebles, Badcock Furniture, and Goodwill, ensuring a strong existing customer base. The area also features a variety of other businesses, including Walmart, Biscuitville, Wells Fargo Bank, and Lily Nails, contributing to high foot traffic and visibility. Kingsway Plaza offers a clean and safe environment, enhanced by the presence of numerous trees, creating an attractive atmosphere for both businesses and customers. The minimum divisible space is 4,000 square feet. This is an ideal location for businesses seeking high visibility and access to a substantial customer base in a well-established retail environment.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 116,084 SF
Lot 11.99 ac (522,284 SF)
Zoning code HWY BUS EDEN
APN 7989-05-18-4608-00
UPID US53-1935732

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Postal Service Courier Service
  • Shopping Center & Mall
  • Clothing Store Baby Clothing Store
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Atm

Location

220 Kings Hwy Eden, NC 27288-5096
Eden metro Census 40300 GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$925k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.08M

Owner & transaction history

since 2014
6 recorded transactions
2022
Price N/A
2019
Price N/A
2019
Price N/A
2014
$2.4M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HWY BUS EDEN · Eden, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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