916 Patterson Ave Winston Salem, NC 27101-1526
This exceptional 80,046-square-foot warehouse presents a unique investment opportunity in Winston-Salem, North Carolina. Situated on a 2.31-acre lot at 916 N. Patterson Avenue, this single-tenant property boasts a prime location at the corner of N. Patterson Avenue and Liberty Street, just one block from the MLK Jr. corridor, offering excellent access to US-52/US-421. The building features a single story, with 10 dock-high doors and 6 drive-in doors, providing ample loading and unloading capabilities. On-site parking accommodates 30 vehicles. The property is zoned GB and its Forsyth County APN is 6835-39-4802. Currently fully vacant, this warehouse offers significant potential for a variety of industrial uses. A key advantage is its location directly across the street from an approved and permitted 270-unit multi-family development with a parking deck, promising increased foot traffic and potential synergy. This rare opportunity combines a substantial warehouse space with an exceptional location and promising future development in its immediate vicinity. The property's size, accessibility, and strategic placement make it an ideal choice for businesses seeking a prominent presence in a rapidly growing area of Winston-Salem.
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
GB · 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.