Property summary
This exceptional ±114,573 square foot industrial property, located at 315 Cassell Street in Winston-Salem, North Carolina, presents a significant opportunity for businesses seeking versatile warehouse and flex space. The single-tenant building, constructed in 1964 and renovated in 1996, sits on a generous 4.15-acre lot and features a two-story design. The property boasts excellent access to major transportation arteries, situated approximately 0.5 miles from Highway 52/285 and 1.5 miles from I-40, providing convenient commutes to both Charlotte (1.25-hour drive) and Raleigh (1.75-hour drive). Loading and unloading are facilitated by nine dock-high doors and one drive-in door. The interior layout includes ample warehousing space, complemented by conditioned office space, a breakroom, and an outdoor seating area. The property is zoned LI (Light Industrial) and is situated in Forsyth County, NC, zip code 27107. This strategically located property offers a blend of functionality and accessibility, making it an ideal choice for a variety of industrial and distribution operations. The property is currently vacant and ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering Catering Service
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Warehouse & Storage
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The LI District is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial and service activities which, in their normal operations, have little…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
LI · Winston Salem, NCThe LI District is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial and service activities which, in their normal operations, have little…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The LI District is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial and service activities which, in their normal operations, have little…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LI in Winston Salem, NC.
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