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    712 Brookstown Ave Winston-Salem, NC 27101

    Sponsored
    For Sale
    $665,000

    Historic Winston-Salem building, prime location.

    Property size:
    4,110 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 4,110 square foot, two-story building at 712 Brookstown Avenue in Winston-Salem, North Carolina presents a unique redevelopment opportunity. Located on a 0.4-acre lot, this vacant property boasts 25 parking spaces and exceptional visibility, situated on a high-traffic street with 14,000 vehicles passing daily. Previously operating as Miami Café, the building offers versatile potential for various uses, including residential conversion, traditional retail or office space, or a restaurant. Its prime location, just one block from Truist Stadium and across from the Easley, a 300-unit apartment community, ensures high foot traffic and strong potential for success. The property is zoned PB and features a classic architectural style, built in 1892. The asking price is $665,000, translating to $161.80 per square foot. This is a rare chance to acquire a historic property in a thriving downtown area with significant redevelopment potential. The property is currently vacant, allowing for immediate customization to suit your vision. Invest in a piece of Winston-Salem's history and capitalize on its vibrant future.

    Property Features for 712 Brookstown Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,110 SF
    Class
    C
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1892
    Stories
    2
    Units
    1

    HighLights

    • 4,110 SF building on a 0.4‑acre lot.
    • Zoned PB.
    • One block from Truist Stadium.
    • Across from the Easley Apartments (300 units).
    • Asking price: $665,000 ($161.80/SF).
    • Suitable for residential conversion, retail/office, or restaurant use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.25304903
    Latitude
    36.09440756

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    FAQs

    What type of property is this?
    Restaurant - Historic Winston-Salem building, prime location.
    Where is this restaurant located?
    The property is located at 712 Brookstown Ave Winston-Salem, NC.
    What is the asking price?
    The asking price for this property is $665,000.
    What are key features of this property?
    This property features: 4,110 SF building on a 0.4-acre lot.; Zoned PB.; One block from Truist Stadium.
    Request Owner's contact information
    712 Brookstown Ave Winston-Salem, NC 27101
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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
    712 Brookstown Ave Winston-Salem, NC 27101
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