736 Main St Winston-Salem, NC 27101
This exceptional 3,723-square-foot restaurant, located at 736 S Main St in Winston-Salem, NC (zip code 27101), presents a unique investment opportunity. Situated on a 0.52-acre lot in the heart of Old Salem, this historically designated property boasts a rich history, dating back to its construction in 1816 as a Moravian settler tavern. It's the oldest restaurant/tavern in North Carolina. The property includes a spacious kitchen and dining area, along with an 80-seat outdoor dining pavilion complete with ADA-compliant restrooms. Historically approved furniture is included in the sale. Ample parking is available with a dedicated 40-space lot and abundant on-street parking. Recently renovated, the building features upgraded HVAC, a new hood system, updated dumb waiters, electrical, plumbing, and a new grease trap. The property is move-in ready for a new tenant/operator
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.