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    5455 Bethania Rd Winston-Salem, NC 27106

    Sponsored
    For Sale
    $1,120,000

    15,247 SF Mixed-Use Property, Winston-Salem

    Property size:
    15,247 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,247 square foot mixed-use property, located at 5455 Bethania Rd in Winston-Salem, North Carolina, presents a unique investment opportunity. The Bethania Mill, a National Register of Historic Places landmark, boasts a rich history combined with modern updates. Built in 1899, the three-story building underwent extensive renovations in 2008 and further improvements in 2020. Currently zoned PB-S, the property offers a blend of office and retail space, along with a significant event venue capable of accommodating approximately 120 guests. Included are existing furnishings, fixtures, and equipment (FF&E) for event functions. Situated on a 1.14-acre lot, the property provides ample parking with 65 spaces. The asking price is $1,120,000, translating to $73.46 per square foot. Currently, the occupancy rate is 20%, presenting significant potential for increased revenue. This versatile property offers a variety of usage possibilities for a discerning investor. Its prime location, just nine miles north of downtown Winston-Salem, in Forsyth County (zip code 27106), ensures excellent accessibility and visibility. The property consists of one building with a single unit.

    Property Features for 5455 Bethania Rd

    General Information

    Property type
    Wedding venues
    Square Feet
    15,247 SF
    Lot Size
    49,658 SF

    Building Details

    Year Built
    1899
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • 15,247 SF mixed‑use building on 1.14‑acre lot in Winston‑Salem, NC.
    • Historic landmark (Bethania Mill) with modern updates (2008 & 2020 renovations).
    • PB‑S zoning allows for office, retail, and event venue use (120‑person capacity).
    • Includes existing FF&E for event space; 65 parking spaces.
    • Asking price: $1,120,000 ($73.46/SF); 20% occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    West & Stem Architects Architect The Millstone Events Wedding Venue 15 East Boutique Clothing Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

    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
    -80.3381083
    Latitude
    36.1789644

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    FAQs

    What type of property is this?
    Wedding venue - 15,247 SF Mixed-Use Property, Winston-Salem
    Where is this wedding venue located?
    The property is located at 5455 Bethania Rd Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $1,120,000.
    What are key features of this property?
    This property features: 15,247 SF mixed-use building on 1.14-acre lot in Winston-Salem, NC.; Historic landmark (Bethania Mill) with modern updates (2008 & 2020 renovations).; PB-S zoning allows for office, retail, and event venue use (120-person capacity).
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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
    5455 Bethania Rd Winston-Salem, NC 27106
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