971 Main St Kernersville, NC 27284
- Grocery and convenience stores
- 59,163 SF
- 5.67 lot acres
Current Use by Public Records
- Cardtronics ATM / Atm
- Vickie L. Edwards, BS / Pharmacy
- William E. Brady, RPH / Pharmacy
- Pharmacy / Pharmacy
- First National Bank ATM / Atm
Property Details for 971 Main St
- Year built
- 1996
- Construction
- BRICK
- Lot size
- 5.67 lot acres
- Property size
- 59,163 SF
- Zone code
- HB-S
- Property type
- Grocery and convenience stores
- APN
- 6875-69-6857.00
- APU
- 687569685700
Description
Kernersville Marketplace, located at 971 S Main St, Kernersville, NC 27284, offers a prime retail opportunity in a thriving Forsyth County location. This established neighborhood shopping center boasts a total of 72,590 square feet across three suites, with 1,200 square feet currently available for lease. The center enjoys excellent visibility and accessibility, situated directly off I-40 Business on Main Street, a major retail corridor in Kernersville. A significant anchor tenant, Harris Teeter, underwent a complete remodel in December 2008, further enhancing the center's appeal. Current tenants include a diverse mix of businesses such as Osaka Japanese Restaurant, Little Caesar's, and Jimmy John's, creating a strong synergy and established customer base. The property sits on a lot ranging from 0.96 to 1.52 acres, and includes two available outparcel opportunities, ideal for additional development or expansion. This property presents a unique chance to establish or expand a business within a well-established and highly visible retail center in a rapidly growing area between Winston-Salem and Greensboro. The property was renovated in 2008.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,800,000
- 6.5%
- $9,970,000
- 7%
- $9,255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,514,000
- AI Estimate
- $11,851,000
Market price range: $5.95M - $12.5MMarket price range: $3.56M - $12.3M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $8,820,000 Current use
- MEDICAL BUILDING
- $11,050,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $8,885,000 Change: +1% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $7,655,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Kernersville
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.0946
- Latitude
- 36.1077
- CBSA code
- 49180
- CBSA name
- WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA