Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    850 Chatham Rd Winston-Salem, NC 27101

    Sponsored
    For Sale
    $1,950,000

    Prime Winston-Salem redevelopment opportunity.

    Property size:
    57,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 850 Chatham Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    57,190 SF

    HighLights

    • $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.
    • New roof installed in 2023.
    • Located in an Opportunity Zone, and eligible for Historic Tax Credits and Brownfield Tax Incentives.
    • Situated near Downtown Winston‑Salem, Wake Forest University, and the West End Historic District, with convenient public transit access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2550436
    Latitude
    36.1050564

    Nearby Similar for Sale

    • $1,500,000
      4,042 SF

      Robinhood Road Commercial Property For Sale

      Commercial property with high traffic, dual access, and ample parking.
      3449 Robinhood Rd, Winston-Salem, NC
      View Details
    • Contact for pricing

      Iconic Mid-Century Modern Landmark

      Renovated former gas station near Wake Forest University.
      1231 Polo Rd, Winston-Salem, NC
      View Details
    • $1,600,000
      22,000 SF

      Winston-Salem Warehouse with Office

      22,000 SF warehouse with office space for sale.
      3425 Thomasville Rd, Winston-Salem, NC
      View Details
    • $320,000
      2,050 SF

      Move-in Ready Office Condo

      Well-maintained office condo with flexible layout and convenient location.
      2990 Bethesda Pl, Winston-Salem, NC
      View Details
    • $1,250,000
      18,000 SF

      Historic Retail Building For Sale

      Two-story, 18,000 SF retail building in downtown Winston-Salem.
      408 N Liberty St, Winston-Salem, NC
      View Details
    • $1,500,000

      Corner Lot with Highway Business

      High-traffic corner lot suitable for various business ventures.
      4805 Shattalon Dr, Winston-Salem, NC
      View Details
    • $800,000
      6,716 SF

      Childcare Facility on Large Lot

      6,700 SF building on 0.96 acre lot for sale.
      5016 Old Walkertown Rd, Winston-Salem, NC
      View Details
    • $1,699,000
      15,600 SF

      Downtown Winston-Salem Office Building

      15,600 SF building in downtown Winston-Salem for sale/lease.
      201 N Broad St, Winston-Salem, NC
      View Details
    • $4,700,000
      35,000 SF

      Winston-Salem Campus with Redevelopment Potential

      35,000+ sqft campus near US 74/Hwy 52 and University Parkway.
      271-289 Mercantile Dr, Winston-Salem, NC
      View Details
    • $6,750,000
      300,000 SF

      Winston-Salem Industrial/Manufacturing Facility

      300,000 +/- SF industrial facility near I-40.
      3811 Kimwell Dr, Winston-Salem, NC
      View Details
    • $3,425,000
      9,712 SF

      Leased Medical Office Building

      100% leased medical office building with strong credit tenant.
      390 W Salem Ave, Winston-Salem, NC
      View Details
    • $850,000
      12,300 SF

      Winston-Salem Warehouse with Fenced Yard

      12,300 SF warehouse with fenced parking near downtown.
      2101 Sunnyside Ave, Winston-Salem, NC
      View Details

    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.
    Request Owner's contact information
    850 Chatham Rd Winston-Salem, NC 27101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    850 Chatham Rd
    Winston-Salem, NC 27101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    850 Chatham Rd Winston-Salem, NC 27101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.