Property summary
This exceptional 8,610-square-foot flex space property at 179 Waughtown Street in Winston-Salem, North Carolina, presents a compelling investment opportunity. Built in 1960 and renovated in 1997, this single-story building sits on a 0.68-acre lot and offers ample parking with 12 spaces. Currently vacant, the property is zoned HB and features a fenced-in area, ideal for secure storage of inventory or equipment. The building's 1997 renovation ensures modern functionality, while its industrial heritage provides robust infrastructure, including three-phase power. Its prime location on Waughtown Street, directly across from the University of North Carolina School of the Arts (UNCSA), offers excellent visibility and accessibility. The property is conveniently located minutes from downtown Winston-Salem, providing easy access to a thriving urban center. This versatile space is suitable for a variety of uses, making it an attractive option for both owner-occupiers and investors seeking a high-demand property in a desirable location. The property's features include one building, a single tenancy, and a Forsyth County address with APN 6834-49-6567. The asking price is $600,000. This is a rare opportunity to acquire a well-maintained, strategically located industrial flex space in a growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Roofing Company General Contractor
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Landscaping General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
HB · Winston Salem, NCThe HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The HB District is primarily intended to accommodate retail service, distributive uses, and high-density residential
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HB in Winston Salem, NC.
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