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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

505 Cherry St Winston-Salem, NC 27101

2,040 SF Built 1963
Property ID
Property summary
AI-generated overview

This exceptional 2,040-square-foot creative office space, located in the heart of Winston-Salem's Central Business District, presents a unique opportunity for a discerning tenant. Situated in a Class B building constructed in 1963 and extensively renovated in 2024, this single-tenant property offers a versatile layout ideal for a variety of uses. Previously occupied by a mead bar, the space boasts an open floor plan easily adaptable for retail, restaurant, or office configurations. All necessary city approvals and code compliance for the previous use are in place. The property features two stories; the second floor currently functions as a meeting space/lounge. Its prime location offers unparalleled convenience, being exceptionally close (within approximately 150 feet) to a major public parking garage and directly across from the Benton Convention Center, ensuring high visibility and accessibility. This Forsyth County property represents a rare blend of historic charm and modern functionality, making it an attractive option for businesses seeking a vibrant and well-connected location. The property type is officially listed as Retail, Office, and Restaurant.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1963
Total area 2,040 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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