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    OFF-MARKET
    Turn key restaurants

    207 3rd St, Winston Salem, NC 27101-3907

    4,370 SF 0.05 ac lot Built 1920
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-1782136
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1920
    Construction STEEL FRAME
    Total area 4,370 SF
    Lot 0.05 ac (2,178 SF)
    Zoning code CB WO
    APN 6835-16-7746.00
    UPID US53-1782136
    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
    Current use
    Occupant on record · Public records
    • Camel City Church Church
    • Murphy's 2010 Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    207 Ws Properties LLC · 1 yrs held
    207 Ws Properties LLC
    since 2025
    Last sale
    $549,000
    4 recorded transactions
    2025
    $549,000
    2019
    2009
    $155,000
    1969
    Zoning & alternative use
    CB WO · Winston Salem, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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