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245 W Fourth St
Winston-Salem, NC 27101 Downtown Winston-Salem

Price Upon Request

General Retail For Sale  •  10,120 SF

Property Details

  • Property Type General Retail
0 Transit Score
89 Walk Score

Highlights

Value-add mixed-use commercial and residential opportunity with a prime location in Downtown Winston-Salem directly across from Merschel Park.
Highly visible property with strong foot traffic and daily exposure to more than 5,800 vehicles.
Easily accessible, within walking distance of several bus stops and just a short drive from major Highways 52 and 421.
In-place income from ground-floor retail tenants on short-term leases, allowing immediate occupancy or repositioning by a new owner.
Vacant upper-level units provide a robust upside for conversion into lofts, apartments, or condos, capitalizing on the CBD’s strong housing demand.
Performing submarket, with retail vacancies of just 4.2%, and a five-year average annual rent growth of 4.2% in both retail and multifamily units.

Public Transportation

AirportDriveWalkDistance
Piedmont Triad International 33 min - 23.7 mi
Will Blackwell 336-345-1500 NAI Piedmont Triad
Will Blackwell 336-345-1500 NAI Piedmont Triad