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    Cloverdale Ave. & Miller St Winston-Salem, NC 27103

    Sponsored
    For Lease
    Contact for pricing

    Winston-Salem retail center, high traffic.

    Lot size:
    132,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Cloverdale Plaza offers exceptional retail and restaurant opportunities in Winston-Salem, North Carolina. This established neighborhood shopping center boasts a total of 132,590 square feet and is strategically located directly across from Wake Forest Baptist Medical Center in the desirable Ardmore area. The property features ample parking with 531 spaces, ensuring convenient access for customers. Currently, there are 13,600 square feet of vacant space available, divisible into units ranging from a minimum of 1,600 square feet to a maximum contiguous space of 9,000 square feet. This presents a unique chance for businesses seeking flexible space options to suit their specific needs. The center's prime location within Forsyth County, at the intersection of Cloverdale Avenue and Miller Street, (zip code 27103) guarantees high visibility and foot traffic, benefiting from the proximity to the medical center and the affluent Ardmore neighborhood. This is an ideal opportunity for businesses seeking a well-established location with strong potential for growth and success. The property's multiple tenancy structure offers a diverse and vibrant shopping environment, creating a synergistic atmosphere for all tenants. Contact us today to learn more about this exceptional retail space.

    Property Features for 0 Cloverdale Ave. & Miller St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    132,590 SF

    Unit(s) available at that property

    Space
    Suite 9
    Size
    1,600 SF
    Space
    Suite 8
    Size
    3,000 SF
    Space
    Suite 6
    Size
    9,000 SF

    HighLights

    • 132,590 SF GLA
    • 531 Parking Spaces
    • Winston‑Salem, NC MSA
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Winston-Salem
    County
    Forsyth
    State
    North Carolina
    Longitude
    -80.275314
    Latitude
    36.091031

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    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 are key features of this property?
    This property features: 132,590 SF GLA; 531 Parking Spaces; Winston-Salem, NC MSA
    Request Owner's contact information
    Cloverdale Ave. & Miller St Winston-Salem, NC 27103
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    Winston-Salem, NC 27103
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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
    Cloverdale Ave. & Miller St Winston-Salem, NC 27103
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