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    FOR SALE
    Office Spaces

    215 N Broad St, Winston-Salem, NC 27101

    7,040 SF 0.44 ac lot Built 1966
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-5564541
    Property summary
    AI-generated overview

    This ±7,040 square foot, two-story retail and office building is ideally situated on North Broad Street in downtown Winston-Salem, boasting exceptional visibility with 13,000 vehicles passing daily. Its prime location, just two blocks from Truist Stadium, offers unparalleled convenience and accessibility. The property features ample parking with 28 spaces, ensuring ease of access for tenants and customers. The building is zoned HB and sits on a 0.44-acre lot in Forsyth County. Its warm shell condition presents a unique opportunity for redevelopment, allowing for customization to suit a variety of business needs. The strategic location within a thriving area, surrounded by diverse restaurants, retailers, and a significant concentration of residential units, including the 229-unit West End Station and the upcoming 300-unit Easley luxury apartment complex, guarantees high foot traffic and strong potential for tenant occupancy. This property offers a rare chance to establish a presence in a rapidly growing and desirable downtown location. The building is currently vacant, providing immediate occupancy for a new tenant. The property's proximity to I-40 ensures easy access for commuters and clients.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1966
    Construction BRICK
    Total area 7,040 SF
    Lot 0.44 ac (19,166 SF)
    Zoning code PB-S
    APN 6825-96-8121.00
    UPID US53-5564541
    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
    • Cleave and Cork Take-out & Catering Butcher
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $618k
    Blend (final) Blend
    $605k
    Owner & transaction history
    Nobikiniatoll LLC · 7 yrs held
    Nobikiniatoll LLC
    since 2019
    7 recorded transactions
    2019
    2019
    $1.1M
    2017
    2017
    2010
    $454,000
    2008
    $550,000
    1969
    Zoning & alternative use
    PB-S · Winston Salem, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $910,000 +18.9%
    Retail stores $795,000 +4.1%
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    More about this property
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