Property profile

3870 Bethania Station Rd Winston Salem, NC 27106

FOR SALE
Turn key restaurants
Property ID
US53-2496598
3,200 SF 21.77 ac lot Built 1995
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500 square foot restaurant property, located at 3870 Bethania Station Rd in Winston-Salem, North Carolina, is offered at $899,000 ($359.60/sq ft). Built in 1995, this single-story building sits on a substantial 21.77-acre lot. The property includes four tax parcels totaling approximately 36 acres (subject to survey). Its versatile nature presents a unique investment opportunity. Current zoning and restrictions should be verified by prospective buyers. The property's size and acreage make it ideal for a variety of uses beyond its current configuration as a restaurant. Consideration could be given to repurposing the space as an event venue, a farm-to-table restaurant, or a brewery. Alternatively, given the land size, a return to its historic use as a par three golf course may be feasible, subject to the aforementioned zoning and restrictions. This property offers significant potential for a discerning investor seeking a substantial footprint in a desirable location within Forsyth County, NC, zip code 27106. The asking price reflects the property's size, location, and the multiple development possibilities it presents. Serious inquiries are encouraged.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Construction WOOD FRAME
Total area 3,200 SF
Lot 21.77 ac (948,301 SF)
Zoning code HB-S,RM18,RS9
APN 6817-69-2775.00
UPID US53-2496598

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
  • Bar & Pub

Location

3870 Bethania Station Rd Winston Salem, NC 27106
Winston Salem metro Census 2701 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2012
1 recorded transaction
2012
$99,000

Zoning & alternative use

HB-S,RM18,RS9 · Winston Salem, 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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