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

    Cloverdale Ave & Miller St Winston-Salem, NC 27103

    Sponsored
    For Lease
    $24 SF/Yr

    Winston-Salem retail center, high traffic.

    Lot size:
    132,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Cloverdale Plaza, located at the intersection of Cloverdale Avenue and Miller Street in Winston-Salem, North Carolina (zip code 27103), offers exceptional retail and office space opportunities. This power center/restaurant-focused property boasts a total of 132,190 square feet across four suites, providing a diverse range of options for potential tenants. The property is conveniently situated directly across from Wake Forest Baptist Hospital, benefiting from high visibility and foot traffic. Its prime location along Winston-Salem's primary retail corridor, off Business I-40 and Stratford Road, ensures significant exposure to a large customer base. Currently, there are three spaces immediately available, ranging in size from 1,600 square feet to 9,000 contiguous square feet, with a minimum divisible space of 1,200 square feet. The center is anchored by established and successful businesses including Harris Teeter, Dollar Tree, Panera Bread, Starbucks, Heartland Dental, and Barberitos, creating a strong and vibrant retail environment. Ample parking is available with 531 spaces to accommodate customers and employees. This Forsyth County property presents a unique opportunity for businesses seeking high-traffic locations within a well-established and thriving retail center. The property is classified as both retail and office space, offering flexibility for a variety of business types.

    Property Features for 0 Cloverdale Ave & Miller St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    132,190 SF
    Total Rate
    264380

    Unit(s) available at that property

    Space
    Available Space 8
    Size
    3,000 SF
    Rate per SF
    $26
    Space
    Available Space 9
    Size
    1,600 SF
    Rate per SF
    $26
    Space
    Available Space 6
    Size
    9,000 SF
    Rate per SF
    $264

    HighLights

    • 132,190 square feet of gross leasable area (GLA)
    • 531 parking spaces
    • Suites available: 1,200 SF, 1,600 SF, and 3,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.2738522
    Latitude
    36.0901933

    Nearby Similar for Lease

    • $14 SF/Yr
      425,741 SF

      Truliant Tower: Prime Winston-Salem Office

      28-story iconic office building, diverse spaces available.
      301 Main St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      839,252 SF

      Hanes Mill Road Industrial Facility

      Large-scale industrial space for lease/sale in Winston-Salem.
      401 Hanes Ml Rd, Winston-Salem, NC 27105
      View Details
    • $8 SF/Yr
      12,000 SF

      Winston-Salem Industrial/Warehouse Property

      Industrial/warehouse property with flexible leasing options in Winston-Salem, NC.
      5709 Robin Wood Ln, Winston-Salem, NC
      View Details
    • Contact for pricing
      84,143 SF

      Winston-Salem Office Space for Lease

      Modern Office & Lab Space in Innovation Quarter
      111 Chestnut St, Winston-Salem, NC 27101
      View Details
    • $20 SF/Yr
      19,968 SF

      Winston-Salem Office Building for Lease

      Prime Medical/Office Space Available in Winston-Salem
      285 Stratford Rd, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      7,240 SF

      Reynolda Road Retail Space

      Winston-Salem retail space available. High visibility location.
      4908 Reynolda Rd, Winston-Salem, NC 27106
      View Details
    • $25 SF/Yr
      2,373 SF

      First-Floor Office Suite For Rent

      Well-appointed office suite suitable for professional or medical use.
      1598 Westbrook Plz Dr, Winston-Salem, NC
      View Details
    • Contact for pricing
      546,065 SF

      Wells Fargo Center Office Space

      Prestigious Winston-Salem office tower, suites available.
      100 Main St, Winston-Salem, NC 27101
      View Details
    • Contact for pricing
      132,590 SF

      Cloverdale Plaza Retail Space

      Winston-Salem retail center, high traffic.
      0 Cloverdale Ave. & Miller St, Winston-Salem, NC 27103
      View Details
    • $144 SF/Yr
      23,759 SF

      Midway Commons Retail Space

      Winston-Salem Retail Opportunity: 1,000-17,595 SF
      189 Hickory Tree Rd, Winston-Salem, NC 27107
      View Details
    • $37 SF/Yr
      10,456 SF

      Winston-Salem Executive Office Suites

      Prestigious A-Class Office Space, Flexible Options
      615 St. George Sq Ct, Winston-Salem, NC 27103
      View Details
    • Contact for pricing
      132,782 SF

      Robinhood Village Retail Space

      Prime Forsyth County retail opportunity.
      2004 Robinhood Vlg Dr, Winston-Salem, NC 27106
      View Details

    FAQs

    What type of property is this?
    Restaurant - Winston-Salem retail center, high traffic.
    Where is this restaurant located?
    The property is located at Cloverdale Ave & Miller St Winston-Salem, NC.
    What is the lease rate?
    The lease rate is $26-$264 SF/Yr.
    What are key features of this property?
    This property features: 132,190 square feet of gross leasable area (GLA); 531 parking spaces; Suites available: 1,200 SF, 1,600 SF, and 3,000 SF
    Request Owner's contact information
    Cloverdale Ave & Miller St Winston-Salem, NC 27103
    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.
    Cloverdale Ave & Miller St
    Winston-Salem, NC 27103
    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
    Cloverdale Ave & Miller St Winston-Salem, NC 27103
    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.