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221 N. Main Street   |  221 N. Main Street   |   6,272 sf

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  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Nick Gonzalez at nick@ltpcommercial.com

    —or—

    Sarah Beth Ruffin at sarahbeth@ltpcommercial.com

    Stellar income-producing real estate in the heart of Kernersville’s fast-growing downtown. Home to Kernersville Brewing Company and Breathe Cocktail Lounge, this ±6,272 SF property offers stable cash flow. The roof, HVAC, plumbing, and electrical have all been recently renovated making this a low maintenance investment. Building is being repainted in August 2020. Additionally, upstairs tenant has a major rooftop expansion planned.

    Address:221 N. Main Street
    City:Kernersville
    Zip:27284
    Avail sf ± 6,272
    Price$1,175,000
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  • PROPERTY DETAILS

    Property Type Investment
    Retail
    Avail sf ± 6,272
    Building sf ± 6,272
    Year Built ±1950, Renovated in 2019
    Restrooms ±5
    RoofMembrane
    Bldg ExteriorBrick/Block
    Acres ±.08
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    ZoningGB
    County:Forsyth , NC
    Tax PIN6886-34-3934

    PRICING & TERMS

    Price$1,175,000
    Tax Value$307,100
    Cap Rate8.21%
    TermsTenants: Kernersville Brewing Co., Breathe Cocktail Lounge
    CommentsStellar income-producing real estate in the heart of Kernersville’s fast-growing downtown. Home to Kernersville Brewing Company and Breathe Cocktail Lounge, this ±6,272 SF property offers stable cash flow. The roof, HVAC, plumbing, and electrical have all been recently renovated making this a low maintenance investment. Building is being repainted in August 2020. Additionally, upstairs tenant has a major rooftop expansion planned.