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    215 Broad St Winston-Salem, NC 27101

    Sponsored
    For Sale
    $995,000

    Prime location, 7,040 SF, vacant, NNN lease.

    Property size:
    7,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,040-square-foot office building, located at 215 N. Broad Street in Winston-Salem, North Carolina, presents a unique investment opportunity. The property, built in 1966, is a two-story structure situated on a 0.44-acre lot and zoned HB. Currently vacant, this building offers a flexible space suitable for a variety of uses, including executive office, traditional office, and retail, as indicated by its permitted zoning and previous uses. The asking price is $995,000, translating to $141.34 per square foot. The building boasts excellent visibility and ample surface parking, a significant advantage in a downtown setting. Its strategic location, just two blocks from Truist Stadium and with convenient access to I-40, places it within easy reach of major transportation arteries. Furthermore, the property benefits from its proximity to a thriving commercial district, including numerous restaurants and retailers, as well as significant residential development, such as the 229-unit West End Station and a planned 300-unit high-end development at Easley. The building is a "warm shell," ready for redevelopment to suit a new owner's specific needs. This presents a chance to capitalize on the growing vibrancy of downtown Winston-Salem. The property consists of one unit in a single building. The lease type is NNN.

    Property Features for 215 Broad St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,040 SF
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 7,040 SF office building on a 0.44‑acre lot in Winston‑Salem, NC.
    • Asking price: $995,000 ($141.34/SF).
    • Vacant, flexible space suitable for office or retail use (HB zoning).
    • Excellent visibility and ample surface parking.
    • Prime downtown location, two blocks from Truist Stadium and near I‑40.
    • Warm shell, ready for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cleave and Cork Butcher Shop

    Suggested Use

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

    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
    -80.2531501
    Latitude
    36.0958053

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 7,040 SF, vacant, NNN lease.
    Where is this office property / space located?
    The property is located at 215 Broad St Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 7,040 SF office building on a 0.44-acre lot in Winston-Salem, NC.; Asking price: $995,000 ($141.34/SF).; Vacant, flexible space suitable for office or retail use (HB zoning).
    (336) 724-1715
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    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
    215 Broad St Winston-Salem, NC 27101
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