Property profile

712 Brookstown Ave Winston-Salem, NC 27101

OFF-MARKET
Retail properties & Spaces
Property ID
US53-0283891
4,110 SF 0.4 ac lot Built 1892
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Property summary

AI-generated overview

This 4,110 square foot, two-story building at 712 Brookstown Avenue in Winston-Salem, North Carolina presents a unique redevelopment opportunity. Located on a 0.4-acre lot, this vacant property boasts 25 parking spaces and exceptional visibility, situated on a high-traffic street with 14,000 vehicles passing daily. Previously operating as Miami Café, the building offers versatile potential for various uses, including residential conversion, traditional retail or office space, or a restaurant. Its prime location, just one block from Truist Stadium and across from the Easley, a 300-unit apartment community, ensures high foot traffic and strong potential for success. The property is zoned PB and features a classic architectural style, built in 1892. The asking price is $665,000, translating to $161.80 per square foot. This is a rare chance to acquire a historic property in a thriving downtown area with significant redevelopment potential. The property is currently vacant, allowing for immediate customization to suit your vision. Invest in a piece of Winston-Salem's history and capitalize on its vibrant future.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1892
Total area 4,110 SF
Lot 0.4 ac (17,424 SF)
UPID US53-0283891

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

712 Brookstown Ave Winston-Salem, NC 27101
Winston-Salem metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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