1664 Martin Luther King Dr Winston-Salem, NC 27107
- Warehouses
- 80,000 SF
- 8.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1664 Martin Luther King Dr
- Lot size
- 8.00 lot acres
- Property size
- 80,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 80,000-square-foot warehouse in Winston-Salem, North Carolina, presents a compelling value-add investment opportunity. Located on an expansive 8-acre lot (APN: 6834-88-9947) at 1664 Martin Luther King Dr (27107), this property boasts four loading docks and one large drive-in ramp, offering significant flexibility for various industrial uses. Currently undergoing renovation to a cold, dark shell, the landlord is open to customizing the interior to meet tenant specifications, including the potential for additional docks or drive-in ramps. The property features approximately 5 acres of paved lot, ideal for heavy-duty storage or parking. Its strategic location offers convenient access to Interstate 285, providing quick access to major highways and the entire state. A five-minute drive from downtown Winston-Salem and a three-minute drive from the Innovation Quarter, this property benefits from a diverse labor pool and proximity to amenities. Heavy industrial zoning allows for a wide range of potential uses. The anticipated occupancy date is October 22, 2024. The asking price is $3,785,000. The roof will be repaired by the landlord.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winston-Salem
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.2212
- Latitude
- 36.0763
