844 Twenty-Fifth St Winston-Salem, NC 27105
- Churches & religious facilities
- 4,117 SF
- 0.27 lot acres
Current Use by Public Records
- Churches & religious facilities
Property Details for 844 Twenty-Fifth St
- Lot size
- 0.27 lot acres
- Property size
- 4,117 SF
- Property type
- Churches & religious facilities
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a stabilized, multi-tenant retail property located at 844 E Twenty-Fifth St, Winston-Salem, NC 27105. The 4,117 square foot building sits on a 0.27-acre lot and boasts a 7.06% cap rate, generating a Net Operating Income (NOI) of $49,056. Currently 100% occupied with three tenants – a restaurant (equipment included), a church, and a hair salon – under leases with a remaining term of approximately 4.5 years (leases expire between 2027 and 2029, with a commencement date of June 6, 2024). The property is zoned GB and benefits from its proximity to Downtown Winston-Salem and the upcoming Long Branch Trail Greenway extension, a key component of a targeted city and state redevelopment effort. This prime location offers significant potential for future appreciation, and the assemblage of nearby properties presents an additional opportunity for expansion. The property's strong financial performance, coupled with its strategic location and redevelopment potential, makes it an attractive investment for discerning buyers. Financial details are available upon request. The property's APN is 6836-55-6593.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winston-Salem
- County
- Forsyth
- State
- North Carolina
- Longitude
- -80.2333
- Latitude
- 36.1221
