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Hotel-Motel

Kernersville Hotel Development

1480 Stafford Center Dr, Kernersville, NC 27284

Listing Price: $1,250,000

Lot Size
2.57 acres
Price/Acre
$486,381
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the 2.57-acre development parcel located at 1480 Stafford Center Drive, Kernersville, NC. Kernersville is a suburb of Winston-Salem with a population of 24,088. Kernersville is located at the center of the Piedmont Triad metropolitan area, between Greensboro to the east, High Point to the south, and Winston-Salem to the west. Some of the rural farmland surrounding the town has been sold and turned into large middle-to-upper-class housing developments. Kernersville is located 10 miles east of Winston-Salem and 17 miles west of Greensboro. U.S. Route 421 is a four-lane freeway through the town, following the prior routing of Interstate 40 before that highway was moved to the south. Until recently, Winston-Salem and High Point were associated with nearby Greensboro to form one metro area. The three cities are sometimes referred to as the Piedmont Triad. In comparison to the states better-known triad of Raleigh Durham Chapel Hill, the economy and lifestyle is more industrial and working-class, although there is a strong university presence and a high level of educational attainment. The economy has an interesting mix of declining and emerging industries, but employment overall has been relatively stable. Winston-Salem, as the name suggests, has been a center for the tobacco industry. Winston-Salem is also home to Wake Forest University, some af?liated high-tech business, a collection of banking centers and is home to Krispy Kreme donuts and a new Dell Computer plant. High Point is a world trade center for furniture and is still center of the state's largest furniture-manufacturing industry. Downtown High Point is a fascinating collection of commercial, warehouse and showroom facilities centered on this industry. Winston-Salem epitomizes the shift from older economy to new economy, and High Point is an industry town shifting emphasis from manufacturing to becoming a trade and design center. Numerous colleges and universities are located within easy driving distance of Kernersville, including Salem College, Wake Forest University, Winston-Salem State University, Bennett College, the University of North Carolina at Greensboro, the University of North Carolina School of the Arts, Greensboro College, Guilford College, Guilford Technical Community College and North Carolina A&T State University, Piedmont International University, and High Point University. Kernersville has an unemployment rate of 3.8%. The US average is 3.9%. Kernersville has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%. Novant Health Kernersville Medical Center is the area's biggest hospital. Kernersville, North Carolina, is located in fast-growing Forsyth County, part of the Winston-Salem, NC, MSA. With its excellent location midway between Winston-Salem and Greensboro on Interstate 40, Kernersville's population has grown over 26% since 2000 to more than 21,000 residents.

Investment Highlights

  • Fee Simple Interest in the Kernersville Hotel Development, Located in Kernersville, North Carolina
  • Proximate to All Regional Demand Generators Including the Kernersville VA Health Care Center, Piedmont Triad International Airport and Triad Guilford Courthouse National Military Park
  • Strategically Located and Easily Accessible Directly Off Interstate 40 in the Triad Area, Which Consists of the Metro Area of Greensboro, Winston- Salem and High Point
  • Novant Health Medical Center, 1 Mile Away, is a Full Service, 50-bed, 24-hour Emergency Hospital and Medical Center Providing a Wide Range of Services
  • Winston-Salem, 15 Minutes Away, is the 5th Largest City in North Carolina in Terms of Population
  • Major companies in Winston Salem Include Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company, Wells Fargo, and Lowes Foods

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Hotel-Motel

Kernersville Hotel Development

Listing Price: $1,250,000

Lot Size
2.57 acres
Price/Acre
$486,381
Land Type
Land

Investment Highlights

  • Fee Simple Interest in the Kernersville Hotel Development, Located in Kernersville, North Carolina
  • Proximate to All Regional Demand Generators Including the Kernersville VA Health Care Center, Piedmont Triad International Airport and Triad Guilford Courthouse National Military Park
  • Strategically Located and Easily Accessible Directly Off Interstate 40 in the Triad Area, Which Consists of the Metro Area of Greensboro, Winston- Salem and High Point
  • Novant Health Medical Center, 1 Mile Away, is a Full Service, 50-bed, 24-hour Emergency Hospital and Medical Center Providing a Wide Range of Services
  • Winston-Salem, 15 Minutes Away, is the 5th Largest City in North Carolina in Terms of Population
  • Major companies in Winston Salem Include Hanes Brands, BB&T Bank, Krispy Kreme Doughnuts, TW Garner Food Company, Wells Fargo, and Lowes Foods

Investment Overview

Marcus & Millichap is pleased to exclusively offer the opportunity to acquire the 2.57-acre development parcel located at 1480 Stafford Center Drive, Kernersville, NC. Kernersville is a suburb of Winston-Salem with a population of 24,088. Kernersville is located at the center of the Piedmont Triad metropolitan area, between Greensboro to the east, High Point to the south, and Winston-Salem to the west. Some of the rural farmland surrounding the town has been sold and turned into large middle-to-upper-class housing developments. Kernersville is located 10 miles east of Winston-Salem and 17 miles west of Greensboro. U.S. Route 421 is a four-lane freeway through the town, following the prior routing of Interstate 40 before that highway was moved to the south. Until recently, Winston-Salem and High Point were associated with nearby Greensboro to form one metro area. The three cities are sometimes referred to as the Piedmont Triad. In comparison to the states better-known triad of Raleigh Durham Chapel Hill, the economy and lifestyle is more industrial and working-class, although there is a strong university presence and a high level of educational attainment. The economy has an interesting mix of declining and emerging industries, but employment overall has been relatively stable. Winston-Salem, as the name suggests, has been a center for the tobacco industry. Winston-Salem is also home to Wake Forest University, some af?liated high-tech business, a collection of banking centers and is home to Krispy Kreme donuts and a new Dell Computer plant. High Point is a world trade center for furniture and is still center of the state's largest furniture-manufacturing industry. Downtown High Point is a fascinating collection of commercial, warehouse and showroom facilities centered on this industry. Winston-Salem epitomizes the shift from older economy to new economy, and High Point is an industry town shifting emphasis from manufacturing to becoming a trade and design center. Numerous colleges and universities are located within easy driving distance of Kernersville, including Salem College, Wake Forest University, Winston-Salem State University, Bennett College, the University of North Carolina at Greensboro, the University of North Carolina School of the Arts, Greensboro College, Guilford College, Guilford Technical Community College and North Carolina A&T State University, Piedmont International University, and High Point University. Kernersville has an unemployment rate of 3.8%. The US average is 3.9%. Kernersville has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%. Novant Health Kernersville Medical Center is the area's biggest hospital. Kernersville, North Carolina, is located in fast-growing Forsyth County, part of the Winston-Salem, NC, MSA. With its excellent location midway between Winston-Salem and Greensboro on Interstate 40, Kernersville's population has grown over 26% since 2000 to more than 21,000 residents.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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