850 Chatham Rd Winston-Salem, NC 27101
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Prime Winston-Salem redevelopment opportunity.
Property size:
57,190 SFProperty Features for 850 Chatham Rd
General Information
- Property type
- Multifamily properties
- Square Feet
- 57,190 SF
Listing Agency: Christopher Commercial LLC - Cindy Christopher Listing Agent: Cindy Christopher
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property, located at 850 & 890 Chatham Road in Winston-Salem, North Carolina, presents a compelling redevelopment opportunity. Encompassing 57,190 square feet across two buildings on a one-acre lot, this property offers significant potential. Currently zoned for mixed-use development, the site boasts approved architectural plans for 46 loft apartments, along with space suitable for storage units or other creative uses. The property is part of the historic Chatham Mill Campus, with the successful Mill 800 (a 170-unit apartment complex completed in 2016) serving as a testament to the area's revitalization. This shovel-ready project benefits from a recently completed (2023) new roof and is situated in an Opportunity Zone, eligible for Historic Tax Credits and the NC Mill Rehab Tax Credit, as well as Brownfield Tax Incentives. Its prime location near downtown Winston-Salem, Wake Forest University, and the West End Historic District, coupled with convenient access to public transit, ensures strong potential for rental income and appreciation. The asking price is $1,950,000, translating to $34.10 per square foot. This is a rare chance to capitalize on a unique redevelopment project in a thriving North Carolina market. The property is registered on the Historic Registry, adding to its appeal and potential tax advantages.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Winston-Salem
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.2550436
- Latitude
- 36.1050564
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FAQs
What type of property is this?
Multifamily property - Prime Winston-Salem redevelopment opportunity.
Where is this multifamily property located?
The property is located at 850 Chatham Rd Winston-Salem, NC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: $1,950,000 asking price for a mixed-use property.; 57,190 square feet on a 1-acre lot, with a price per square foot of $34.10.; Redevelopment opportunity for 46 loft apartments and/or storage units.
