207 3rd St, Winston Salem, NC 27101-3907
This exceptional retail storefront, located at 207 W 3rd St in Winston-Salem, NC, presents a unique owner/user opportunity. The property, built in 1920, is a two-story building offering a total of 4,200-4,400 square feet, with 2,185 square feet of net rentable space. Ideally situated in the heart of downtown Winston-Salem, this storefront enjoys a high-traffic location adjacent to the Hampton Inn Hotel and the Kaleideum Children's Museum, ensuring significant foot traffic and visibility. While street parking is limited, two convenient parking lots are within a two-minute walk. All assets, including kitchen equipment, are included in the sale price of $625,000. This property offers a rare blend of historical charm and modern convenience, making it an excellent investment for a discerning buyer seeking a thriving retail location in a vibrant downtown setting. The property consists of one building and is zoned for retail use. The Forsyth County location and 27101 zip code provide easy access to major transportation routes and amenities. This is a turnkey operation ready for immediate occupancy.
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Camel City Church Church
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Murphy's 2010 Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB WO · Winston Salem, NCWinston Salem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.