245 4 St Winston-Salem, NC 27101

This exceptional investment opportunity presents three contiguous, two-story buildings totaling 13,975 square feet located at 245, 249, and 259 West Fourth Street in the heart of downtown Winston-Salem, North Carolina. The property, formerly home to the iconic Hines Shoe Company, boasts a rich history and prime location. Currently, the street level spaces are occupied by three successful businesses: a restaurant, a neighborhood bar, and a convenience store. All leases are short-term and structured as NNN (Net, Net, Net) leases, offering significant upside potential for the new owner. A 2,475 square foot mezzanine in the convenience store building provides additional storage space, not included in the total square footage. The asking price is $1,800,000, translating to a price per square foot of $143.11. The property's unique layout and substantial square footage make it ideally suited for mixed-use development, with the potential for second-floor lofts, apartments, or condominiums. This is a rare chance to acquire a significant piece of Winston-Salem's history and capitalize on the vibrant growth of its downtown area. The property is currently 50% occupied. This is a multi-tenant property with a 0-year remaining lease term. Located in Forsyth County, NC, zip code 27101.