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    1606 Stratford Rd Winston-Salem, NC 27103

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    For Lease
    Contact for pricing

    High-Visibility Retail Opportunity in Winston-Salem

    Lot size:
    11,477 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 1606 S Stratford Road in Winston-Salem, NC, offers 11,477 square feet of space across three suites, with 5,478 square feet currently vacant. Built in 1984 and renovated in 2024, the property sits on a 0.76-acre lot and boasts 40 parking spaces. Its prime location in a major retail corridor provides excellent visibility, enhanced by a prominent monument sign along S. Stratford Road. The property benefits from its proximity to Hanes Mall, a 1.55 million square foot retail center anchored by major retailers, and is less than a mile from I-40 on/off ramps. This strategic location ensures high consumer traffic, further amplified by the presence of numerous national retailers in the immediate vicinity, including The Home Depot, Costco, Sam's Club, Target, Lowe's, and many more. The property is zoned GB and presents a significant opportunity for investors and retailers seeking a high-traffic location in a thriving market. The building does not include elevators.

    Property Features for 1606 Stratford Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,477 SF

    Building Details

    Year Built/Renovated
    1984/2024

    Unit(s) available at that property

    Space
    1606 S Stratford Road Suite A
    Size
    5,478 SF

    HighLights

    • Freshly renovated exterior.
    • High visibility on Stratford Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Get Fit! Personal ... Health Consultant Smoke King Tobacco Shop Aqua Spa & Nails Nail Salon America's Mattress Mattress Store

    Suggested Use

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

    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
    -80.304236923791
    Latitude
    36.07082509617

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Retail Opportunity in Winston-Salem
    Where is this retail property located?
    The property is located at 1606 Stratford Rd Winston-Salem, NC.
    What are key features of this property?
    This property features: Freshly renovated exterior.; High visibility on Stratford Road.;
    Request Owner's contact information
    1606 Stratford Rd 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
    1606 Stratford Rd Winston-Salem, NC 27103
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