336-345-1500
245 W Fourth St
Winston-Salem, NC 27101
Downtown Winston-Salem
HIGHLIGHTS
- Value-add mixed-use commercial and residential opportunity with a prime location in Downtown Winston-Salem directly across from Merschel Park.
- Highly visible property with strong foot traffic and daily exposure to more than 5,800 vehicles.
- Easily accessible, within walking distance of several bus stops and just a short drive from major Highways 52 and 421.
- In-place income from ground-floor retail tenants on short-term leases, allowing immediate occupancy or repositioning by a new owner.
- Vacant upper-level units provide a robust upside for conversion into lofts, apartments, or condos, capitalizing on the CBD’s strong housing demand.
- Performing submarket, with retail vacancies of just 4.2%, and a five-year average annual rent growth of 4.2% in both retail and multifamily units.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Value-Add Downtown Mixed-Use Retail/Resi
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
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STORIES
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YEAR BUILT
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SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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ASK ABOUT THIS PROPERTY
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336-345-1500
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336-345-1500
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